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This is a discussion on Mobile Home Mortgage within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; I would like to learn about the salient points to keep in mind while applying for mobile home mortgage. Will ...


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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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Old 11-28-2007, 04:56 PM
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I would like to learn about the salient points to keep in mind while applying for mobile home mortgage. Will some one please help?!
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Old 11-29-2007, 12:07 PM
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Hi! I have also bought a Mobile Home recently as it is cheap but I would like to caution you to check it thoroughly before you finalize the deal. I recently found a site named
Manufactured Home Loan and Mortgage Information Center which elaborates on the subject in detail and you may like to go through the article directly if you so desire at Mobile Home Mortgage Brokers: Finding the One That You Can Trust | Manufactured Home Loan and Mortgage Information Center . Wish you good luck!
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