How long can I get a mobile home mortgage?
- A mobile home, unless permanently afixed to a foundation, is considered personal property. Therefore, they are not available for a mortgage. What you will be doing is taking out a personal property loan. Very few places offer these, so a lot of research is necessary. If you do, I would purchase a new one, and have the financing done on the spot
- You can get a 30 - or 40 - year mortgage on a manufactured home, but not as easily as you can on a single - family detached residence real house. For a mortgage, the home must be on a permanent foundation with land no trailer parks. Unless you can qualify for an FHA loan with 3 percent down payment, a conventional mortgage will require anything from 10 percent to 20 percent down payment, depending on your qualifications credit, income, ets, etc. Good luck! Rick fairwaymortgagelending.com
- A mobile home depreciates like an automobile so lenders will only lend for a period of time that corresponds to the economic life of the mobile. What that means to you is that the age of the mobile home is important and the newer the home the longer the amortization period of the loan. The longer the amortization period the lower the monthly payments. It is unlikely you will get a 30 year amortization period on one - more than likely 10 - 15 years. Lenders usually want a more substantial down payment than 5 or 10 percent. If the mobile home is in a park you are still throwing money away on rent - pad rent. If it is on its own property you will be better off borrowing money from the lenders because there is property involved and the mobile more than likely has been deregistered make sure lawyer or REALTOR checks into this. If you are considering a mobile in a park, look into a townhouse, lower monthly maintenance fees, lower down payment. Good luck!
- Yes You Can get a federally insured mortgage for 30years I do them - email me
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as a licensed mortgage lender, my advice would be to consider other alternatives. reverse mortgages do not make sense with interest rates being as low as they are right now. as a licensed mortgage lender, my advice would be to consider other alternatives. reverse mortgages do not make sense with
i have perfect credit currently and no debt. i also have plenty of money in the bank. my credit card company has an offer to borrow against my credit line for a 1 percent apr and a startup fee not to exceed usd 75. the offer just seems too good
i want to get a credit card to purchase a laptop and to build credit. what is the best card i could get with the most benefits and best interest rates?. whoa! save the money and pay cash. if you really want to establish credit and are over 18, once
hello all, i 'd like to know how to best use mortgage refinance, and usually for what reasons people refinance. also does refinance ultimately cost more? i do not need
Knowledge Base: Mortgages
he comes by his indiscretions with money honestly, the acorn does not fall far from the tree. he should be asked by his party to step down, that's what a republican would be faced with. it will not happen with dodd, however, because no one else in his party has
most people have a very limited understanding of what is happening with the mortgage mess. one should also not forget that mortgage brokers earn commission. i do not think you understand how diverse aig is. i was a shareholder and attended yearly meetings. they are in 130 countries. besides insurance
who were the watch dogs for the public, the appointed ones, the dodd's and franks. or obama's real birth certificate or chris dodd's mortgage papers. sure they will and the votes that the money bought for them. one would have better luck getting the le deed to hell from the
it is simple. call you mortgage company and tell them to lower you rates. a friend owns centex homes they are national they are offering 8 thousand dollar discounts plus the 7500 dollar us credit to buy a home for first time buyers. we are also offering a 6000 dollar
i am interested in refinancing my home and have a current loan with chase home mortgage. which home loan lender it most popular or best to use?. mortgage loan is a term used for the loans secured by a property. mortgage loans refer to a loan secured by residential property,
the mortgage bailout bill was all president obama. the usd 8, 000 refundable tax credit to first - time buyers is all president obama. "never let a crisis go to waste. do you know which are the premises of so m?. 1. - expropriation of means of production and private
like it? heck, i get paid to do it. when i am not lettin' my hair down little of it as there is, i am not paying the mortgage. yes! and my fiancee loves it when i let go and throw down a good one lol. sounds like a lot
Knowledge Base: Home Mortgage
i have debt from school, but i am interested in buying a home. would i be able to get a mortgage?. if you are able to get such a loan you will probably find the student debt will be rolled into the mortgage which could be a good thing, depending
i pay my home mortgage to american home mortgage and i just saw online today that they are filing for bankruptcy. do not worry, your loan will be transfered to another company. it does not mean they are going out of business and they could always sell your mortgage to
i am not a first time home buyer. what are the pros and cons of using bank financing versus mortgage company financing to find the most compe ive interest rates? this is for a home purchase, not refinance and my credit is excellant. try both, then pick the better interest
i am getting a divorce and eventually moving out, and i do not really want to throw money away on rent. i am thinking of buying a mobile home because they're inexpensive but was wondering if i can get a full 30 - year mortgage on one, so i can
my credit is not bad or fair. it is good, just below excellent. how good does your credit have to be and what other factors are key to successfully obtaining a home mortgage loan?. well getting pre - approved is the action you need to take. you need to go
i have a mortgage of usd 100, 000, and i want to pay it off super fast, so ive been selling heaps of stuff on e. bay, and putting the cash straight onto my home loan, what other ways can i generate cash?. be sure to avoid early mortgage termination fees,
lets say you have usd 5000 coming in per month, how much is a safe amount to spend on a mortgage, while still saving some for car payments, other loans, insurance, groceries, emergencies, etc? my dad said a 1 / 4 of your net income is a good idea per
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