xperience to handle a transaction that involves several different facet that are not typical and unique only to this industry. Everything from who does the appraisal, comparables sales allowed, distance The internet is becoming the medium of choice for consumers searching for a mortgage. I read recently that statistics are in the 70% range of people that log on and search for mortgage products and lenders that can give them the loan they need. This is an imperative tool for manufactured homeowners who are having a very difficult time locating a loan and it’s at a time when a lot of these mortgages are adjusting. To top it off they are locked in loan with their current lender and that bank will not refinance them! So consumers need to search but look carefully because the impact of placing your mortgage with the wrong lender can be very costly!

Manufactured home loans and mobile home loans are a niche mortgage product and to put it in simple terms, the average broker does not have the tools or experience to handle a transaction that involves several different facet that are not typical and unique only to this industry. Everything from who does the appraisal, comparables sales allowed, distance f

rs that can give them the loan they need. This is an imperative tool for manufactured homeowners who are having a very difficult time locating a loan and it’s at a time when a lot of these mortgages are adjusting. To top it off they are locked in loan with their current lender and that bank will not refinance them! So consumers need to search but look carefully because the impact of placing your mortgage with the wrong lender can be very costly!

Manufactured home loans and mobile home loans are a niche mortgage product and to put it in simple terms, the average broker does not have the tools or experience to handle a transaction that involves several different facet that are not typical and unique only to this industry. Everything from who does the appraisal, comparables sales allowed, distance

adjusting. To top it off they are locked in loan with their current lender and that bank will not refinance them! So consumers need to search but look carefully because the impact of placing your mortgage with the wrong lender can be very costly!

Manufactured home loans and mobile home loans are a niche mortgage product and to put it in simple terms, the average broker does not have the tools or experience to handle a transaction that involves several different facet that are not typical and unique only to this industry. Everything from who does the appraisal, comparables sales allowed, distance

e with the wrong lender can be very costly!

Manufactured home loans and mobile home loans are a niche mortgage product and to put it in simple terms, the average broker does not have the tools or experience to handle a transaction that involves several different facet that are not typical and unique only to this industry. Everything from who does the appraisal, comparables sales allowed, distance

xperience to handle a transaction that involves several different facet that are not typical and unique only to this industry. Everything from who does the appraisal, comparables sales allowed, distance from the subject property, pictures may be needed of the foundation, year built, type of foundation, income documentation and many other underwriting guidelines. A mistake here could cost the borrower not getting the loan and a denial letter from the lender. This can have significant bearing on the consumer because there just are not many lenders that will lend on these properties any more. But there are specialty brokers who actively work in this niche market and they are making their presence know on the internet.

When you search the internet you will find a wealth of information but you will also encounter websites that may rank high in the search engines but it doesn’t mean that they specialize in or have the expertise to handle a manufactured or mobile home loan. Don’t just fill out the firs