PREQUALIFY & SAVE $1,000'S

Industry pros offer their experience in manufactured housing to help first time buyers to make informed decisions with confidence and peace of mind.
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Darcy

PREQUALIFY & SAVE $1,000'S

Post by Darcy » Thu Sep 12, 2002 4:27 am

WHEN SHOPPING FOR A NEW HOME, IT IS JUST AS BENEFICIAL TO SHOP FOR YOUR HOME MORTGAGE. IT ONLY STANDS TO REASON THAT WHILE MANUFACTURED HOME DEALERSHIPS PROVIDE THE HOMES; "LENDERS" PROVIDE THE FINANCING. THOUGH MANUFACTURED HOME DEALERSHIPS PROFESS THAT THEIR "IN-HOUSE FINANCING" IS BOTH "EASIER" TO ATTAIN A MORTGAGE AND "COSTS YOU LESS"; IT IS HIGHLY RECOMMENDED THAT YOU CONSIDER THE FOLLOWING:
WE BUY LOANS FROM VARIOUS MANUFACTURED HOME DEALERSHIPS AND THEIR FINANCE DEPTS. BY INCLUDING THE DEALERSHIPS FINANCE DEPT. INTO THE MIX; IT WOULD BE REASONABLE TO BELIEVE THAT BY ADDING THE DEALERSHIP AS A "MIDDLE-MAN" COULD POTENIONALY COST YOU MORE. A MANUFACTURED HOME LOAN IS SOMETIMES REFERRED TO AS INTERIM FINANCING, A TEMPORARY CONSTRUCTION LOAN, A BRIDGE LOAN, AND / OR A VEHICLE LOAN. ON THE GFE (GOOD FAITH ESTIMATE), LOOK FOR THE ORIGINATION AND DISCOUNT POINTS THEY CAN CHARGE YOU (APPROX. 4 - 15 POINTS), VS 2 -4 POINTS WITH AN ACTUAL LENDER. EACH POINT REPRESENTS 1% OF THE TOTAL LOAN AMOUNT NEEDED. (ie. $180,000 LOAN AMOUNT TIMES (X) 8 POINTS FOR EXAMPLE = $14,400 IN ADDITIONAL COSTS ADDED TO YOUR LOAN.)

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