While inflation has slowed since its peak, prices are still rising, with shelter and vehicle insurance being major contributors. It’s generally well understood that buying a mobile home is cheaper ...
Mobile homes, also known as manufactured homes, can be a cost-effective alternative to buying a traditional home. Due to their lower cost and depreciation, most traditional mortgage lenders don't ...
Manufactured housing is all the rage these days. While most first-time homebuyers used to only consider traditional single-family homes, many are now turning towards property that, dare we say it, ...
Skyrocketing prices of traditional single-family homes and a budding tiny-home movement have more home buyers looking at nontraditional options. Mobile and manufactured homes offer buyers a unique ...
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What is a chattel mortgage?
A chattel mortgage is a loan used to buy movable property, like manufactured and mobile homes, rather than fixed real estate. They are sometimes referred to interchangeably as manufactured home loans.
With the average double-wide costing around $120,000 to $160,000, according to HomeGuide, financing your home may be the only way to afford it. Since mobile homes fall under different classifications, ...
If you’re considering downsizing your home, or just exploring alternative living situations, a mobile home might be a good option for you. But a mobile home isn’t exactly like other types of houses.
A chattel loan is a loan used to buy movable property — including manufactured homes. You can get a chattel loan from a lender to purchase a manufactured home, but you’ll need to figure out how to buy ...
Cassidy Horton is a finance writer covering banking, life insurance and business loans. She has worked with top finance brands including NerdWallet, MarketWatch and Consumer Affairs. Cassidy first ...
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