Reverse Mortgage Loan

Why Buy A Mobile Home

10 Advantages of Manufactured Homes. Some of the homes were poorly maintained and stacked close together like cord wood. The park itself was littered with debris [source: Collins ]. Finally, the mobile home park closed and ridgeway residents exhaled. Now, Atul Chumble, the new owner of the property, wants to reopen the park,

long before the dawn of mobile phones and the Internet. Thanks to technology opening so many doors, he believes there are.

You can get a loan for a mobile home, but it may not be a mortgage.. buying it – you probably qualify for a traditional mortgage, complete with.

Weigh the advantages and disadvantages of buying a mobile home and you may be surprised at your findings. A mobile home or a "manufactured house" is a great place to call home! You can have all the benefits of traditional home-ownership without the burden of tiresome maintenance, an expensive price tag and excessive property taxes.

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Thanks to sophisticated credit and fraud checks and new types of insurance plans, these days you can buy a new mobile phone .

A mobile home gives you the opportunity to buy (or rent) a full-sized family home at a fraction of the cost. The average mobile home rent in a park (lot and home included) is around $600-$700 depending on location and amenities. That’s almost half the average apartment rent, which is around $1,200+ per month.

How To Become Prequalified For A Home Loan You can have a mortgage pre-approval done in person at the lender’s office, or by fax and email. They will give you a list of financial documents they need from you. The documentation list below should only be used as a general guide. You should ask your lender exactly what they need.

Answer. Once placed in a mobile home park and hooked up to utilities, mobile homes are not easy to move. In fact, mobile homes can cost thousands of dollars to move. This can make them difficult to resell, since a buyer may have to commit to living in the same mobile home park you live in.

If homes go up 5%, your manufactured home will go up 5% too. But 5% of $30K is only $1,500 which seems like nothing compared to $15,000 for the 0k home. Furthermore, people tend to buy manufactured homes because they can’t afford stick-built homes. As a result, they also tend to not be able to afford proper maintenance once the warrantee ends.

When you buy a new mobile home, you will also have to find a location where you can place it. According to William Golightly, an associate with Poole Realty Inc. in Live Oak, FL, land sales and.

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