Archive for July, 2009
Budget for Park Model Trailer Property Taxes and Other Fees
After buying your park model trailer, property taxes and other fees tend to add up quickly. Prospective buyers are urged to budget for these additional costs to ensure they will not fall behind on their payments early on in the life of the loan. What is more, those consumers who are refinancing their vacation homes – or their primary residence, as the case might be – explain Park Model trailer property taxes and other fees at times are more than they bargained for.
Tags: financing options, Home Loans, loan terms, model home, park model
Investing in a Park Model Vacation Home Down Payment
The days of zero down loans has gone by the wayside. Investing in a park model vacation home now requires a size-able down payment to qualify for a loan. Usually a minimum down payment is considered to be 5%, but for those who are looking to investing in a Park Model vacation home and already have some other mortgages or mobile home loans, the number quickly rises as high as 20%.
Tags: financing options, manufactured home sales, mortgages, park model