Turned Down For Mobile Home Financing? Get Approved Now
To apply for financing with these special online lenders, you will visit their secure website where you will find a link to an application. The application will ask general questions regarding your financial picture, including your past and present employment and income, as well as personal references who are familiar with your situation. You can be approved in as little as twenty-four hours for your new mobile home loan.
You can choose to have your new lender pay the dealer, or you can choose to have the proceeds of the loan deposited directly into your bank account, where you will have greater bargaining power when you close the deal. You may choose terms as long as thirty years for certain types of mobile homes. If you prefer to pay off the loan sooner, you can do so in as little as seven years.
When choosing your mobile home, you should carefully study any warranty plans that you are offered, whether the warranty is an add-on feature or included in the price of the home. Choose the warranty plan that charges you the least out-of-pocket for any defects during the first ten years. On the flip side, an ideal warranty will cover any manufacturing defect for a certain period of time, typically ten to fifteen years or more.
Take into account before you make a deal with the mobile home seller any appliances or upgrades that you want to have in your mobile home. Some features that may not be included are central air conditioning units, stove, refrigerator, washer/dryer, and under skirting. Be certain that the cost of moving the mobile home and setting it up at your location is included in the price of the home.
You can choose to have your new lender pay the dealer, or you can choose to have the proceeds of the loan deposited directly into your bank account, where you will have greater bargaining power when you close the deal. You may choose terms as long as thirty years for certain types of mobile homes. If you prefer to pay off the loan sooner, you can do so in as little as seven years.
When choosing your mobile home, you should carefully study any warranty plans that you are offered, whether the warranty is an add-on feature or included in the price of the home. Choose the warranty plan that charges you the least out-of-pocket for any defects during the first ten years. On the flip side, an ideal warranty will cover any manufacturing defect for a certain period of time, typically ten to fifteen years or more.
Take into account before you make a deal with the mobile home seller any appliances or upgrades that you want to have in your mobile home. Some features that may not be included are central air conditioning units, stove, refrigerator, washer/dryer, and under skirting. Be certain that the cost of moving the mobile home and setting it up at your location is included in the price of the home.
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