To be an informed consumer. Understanding the terminology used by lenders and mortgage brokers will give you an advantage when searching for a mobile home loan. At http://mfdhousing.com/portal/stories.php3?nid=5189 you will find definitions of key words you should know when applying for a manufactured home mortgage. Know what your getting into before you sign. If there is any part of the paper work you don't fully understand that your lender can not explain to your satisfaction DO NOT sign. Take copies to a trusted advisor. Your mortgage is a long term obligation. It is worth the whatever time it takes upfront to be sure you wont be sorry later.
Mortgage rates are near historic lows. Now is an excellent time to lower your monthly payment. See Tips On Getting Mobile Home Refinance Loan at http://mfdhousing.com/portal/stories.php3?nid=8014 The high quality of manufactured housing, coupled with the federal and state laws governing their construction and an owners continued maintenance and improvements have slowed the depreciation rate. Now owners are able to locate non-traditional financing plus mobile home refinance options to pay for additional improvements, or further needs as well as vacation loans taken out against the equity built into the home. see http://mobilehome.com/loanfinder.php
As home sales have crashed the rate of home repair and renovation has gone up. Manufactured homes owners are staying in place and upgrading what they have. There is an archive of articles and videos at http://mobilehome.com/repair.php The MH Repair & Renovation Tips range from Fixing a Squeaky Floor , Adding Insulation To Your Manufactured Home to detailed instructions for plumbing repair and air conditioner maintenance.
The best resource available for mobile home repair is The Manual for Manufactured Home Repair & Upgrade compiled from the long time experience of contractor, Mark Bower, the owner of Aberdeen Home Repair. For years Mark has been one of the best known hands on men in the manufactured housing industry. Even if your MH needs no repairs at the moment you should strongly consider how you will deal with them in the future. With "The Manual" next to your tool box you will be ready!
The Mobile Home Park Exchange is the newest place online to buy sell or swap mobile home parks Listings are free, In order to list a park for sale you must register. Once you have registered you may upload as many as seven photos of each park for sale. You can also remove or edit your listing(s) anytime. Potential buyers will contact you via a form within your listing.
Buyers can browse listings and contact sellers without registration. Registered Buyers can save search results for parks and maintain a list of favorites....easy to return to at a later time. Registered Buyers can receive email notification when new listings matching saved searches are added.
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