interest rates

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chris
Posts: 1
Joined: Tue Aug 29, 2006 9:32 pm

interest rates

Post by chris » Tue Aug 29, 2006 9:37 pm

what are the current interest rates now for a 1990 mh in a park?

rmurray
Posts: 1086
Joined: Thu May 25, 2006 6:49 pm

Re: interest rates

Post by rmurray » Tue Aug 29, 2006 9:56 pm

Rates for this type of loan are risked based...the more risk the lender perceives the higher the rate..Rates will depend on the term you request...longer will be higher...also your credit score is considered..higher scores get lower rates..For some reason lenders charge higher rates on single section home..The lowest rates will require about 20% down..
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In short..those with FICO scores over 720, 20% down terms to 12 years will have the best rates...Those with 5% down, 20 year terms, scores below 620 will have much higher rates...For exact quotes enter an information request in the lender section of this web site...Numerous lenders will contact you with details of what they have to offer..

1 thing is for sure..rates will only be higher later...Buy NOW..

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