Sunday, December 18, 2011

What to look out for if I want to borrow money for a Mobile Home?

I am trying to weigh the benefit and the drawback of borrowing money for a mobile home. Right now I have enough income to support a loan of approx 100k. This doesn't buy much real estate anywhere so I am thinking of buying a mobile home. The prices are lower (I know I will need to pay lot fees) and the place could be paid for quicker. Any information you could share would be appreciated. For instance.. does it make sense to do this? What would payments for say a $75k mobile home be without lot fees but with prop tax & ins etc etc/

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