Archive for March, 2009
Park Model Trailers for Hurricane Victims
The recent number of hurricanes has shown there is a very real and very distinct need for inexpensive, durable, high quality living arrangements.
Park model trailers for hurricane victims are some of the most sought after bits of manufactured home real estate on the market. They are available used or new and require only modest loans for the purpose of ownership. They are also moveable because they may be transported from temporary places to permanent sites.
Tags: manufactured home sales, park model, park model trailers, refinancing
Park Model Home Refinancing and Loan Modification
Park model home refinancing is a service offered by Colonial Home Loans. The company bills itself as the specialists in the field of tailoring loan products to aspiring homeowners who are looking to mobile and manufactured homes to make their dreams a reality. Not too many lenders specialize in this market, and as such it has been woefully underserved.
The financial needs of those attempting to obtain a park model home refinancing oftentimes find themselves facing lenders who are unsympathetic to the oftentimes smaller loans that the applicants require.
Tags: Home Loans, manufactured home sales, park model, refinancing
Interest Rates Are Expected to Drop Soon
Given the fact interest rates are expected to drop soon, this is the perfect time to go ahead and refinance your manufactured home loans. The benefits of this move are plentiful.
First and foremost, you stand to cash out a lot of your equity and thus free up a good chunk of change. Use it for some needed improvements to the property, a well deserved vacation, or simply to pay off consumer debt.
Moreover, since interest rates are expected to drop soon. But, they are not anticipated to stay long for a prolonged period of time. Thus, it is highly advisable to make the fiscal moves now, while lenders are desperate to write such loans.
Tags: consumer debt, lenders, refinancing
Financing Options for Park Model Homes
For a while there, financing options for park model homes were hard to find. Initially it was the fact real estate – site built homes – were financed by so many brokers who would dissuade consumers from opting for manufactured homes in the first place. Thereafter, banks looked to consumers taking out loans to the tunes of hundreds of thousands of dollars rather than only tens of thousands, which is the average manufactured home loan.
Tags: financing options, manufactured home loan, manufactured home sales, mortgage loans