Trailer house financing not affected by mortgage meltdown
Posted:16 November, 2008 by adminSome of the similarities: All these homes are all produced from a climate standardized factory knowing dry materials. They are created by affiliates who are specifically trained to handle certain phases of the production process such as facility cabinets or installing flooring. They are inspected during the process by a third party.
The modular home, like the manufactured home, is factory produced, but as its name suggests, a major difference between a modular home and a manufactured one is that the modular home is produced and shipped from sections known as modules, and not as a single completed unit. The modules will make up the home’s walls, floor, roof, and ceilings, and will contain all the home’s permanent plumbing, wiring, air ducts, insulation, and cutouts.
You need to determine the actual value of the mobile home. Since manufactured homes depreciate and lose value more quickly, you may find that the home is not worth the asking price. You can find the standard value of a particular brand, style and year of manufactured home by checking the Blue Book at your local public library. (You may have to ask a librarian help you obtain this information since another library.) You can also ask your local bank or manufactured home dealership to purchase this information.
