I only owe $ 26k on a mortgage of 9.75% interest. How should I pay it off quickly? The company who owns my mortgage won’t refinance nor will a bank or credit union because it is an older mobile home. The plan was to buy this property, remove the mobile home & replace it with a new home (stick or mfh). However, I did not realize this mortgage had to be paid in full before I could start the construction project. Ooops!
What options do I have? What would you do? Borrow from a 401k? Get a Signature loan at a lower interest rate? or ???