Choosing The Right Mortgage For Your Manufactured House

By John Graystew

If you're thinking about purchasing a manufactured house and you're worrying about the mortgage options for these kind if homes, you can breathe easy. Most lenders treat a manufactured house the same as a 'normal' house and therefore, you will have the same mortgage options available.

You can get a loan in a lot of places. If you don't already have a trusted mortgage advisor, your local bank is willing to help you out with a mortgage. You can also look for rates and mortgages on the Internet.

When looking for a manufactured home loan, there are a few steps you can take. When you do your comparing online, ask for multiple quotes. This way, you get a few different interest rates and loan varieties to choose from.

After you've received a few quotes from online mortgage companies, you will probably get a call from some of these companies. They will ask you for more information in order to provide you with a more accurate quote.

Take the quote that suits your situation best, print it out and sign it. Then, send it back to the mortgage company along with any more paperwork required (they will tell you what paperwork they need). Make sure that there is a deadline on the forms somewhere, because you want the builder to have the money in time for closing. After you've sent in the paperwork, you can relax and wait for the closing.

About the Author:

John writes articles about loans and financial matters. He also writes articles in Dutch about hypotheken and berekenen maximale hypotheek.