I want to try to purchase a modular home from Clayton Homes. Should i go through there finance dept or bank?
Modular Home Questions July 7th, 2009Which would be cheaper?
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- Fusion on what is the process of getting a moving and placement permit for manufactured homes?
- exbuilder on where can i find the plans for the revised plymouth style modular home?
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July 7th, 2009 at 5:58 am
Check with the bank to see what kind of terms you can get. It’s always smart to shop around for a loan. However, not all lenders will finance a modular home.
I hope you plan on putting the home on property that you own and not a rented space in a park. You are more likely to get a mortgage and your home value will be better, not to mention avoiding all the pitfalls of renting mobile home park spaces.
July 7th, 2009 at 5:58 am
You will have to compare and see but I can tell you this much in the car business we get whats called a buy rate from our banks and then mark that up 1-3 points and this becomes the sell rate, this generates whats called back end profits for the dealer and I would bet that modular home finance departments work the same way.