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| A Word About Interest Rates The savvy consumer knows that interest rates have lowered remarkably for home loans and mobile or manufactured home loans, as well. It’s important to know while searching for the best manufactured/mobile home purchase or refinance rate several key points. The very low rates often seen across all media typically apply to real property, such as site built or manufactured homes on land tied by deed and mortgage. Yet, manufactured/mobile home loan rates for purchase or refinance FOR THE HOME ONLY, while always higher than site built homes, are indeed at an all time low. Occasionally borrowers searching online will see unbelievably low rates posted directly on the home page of such sites. LET THE BUYER BEWARE! Such rates are typically for the shortest term (seven years). The average homeowner or buyer would find such a monthly payment completely out of reach. |
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