It is no secret that buying a mobile home can be an easy way to own your own home, but only if you do it the right way. Loans for personal property, also called chattel loans, usually have a much higher interest rate than a mortgage, which is one of the reasons why owners of mobile homes can refinance chattel loans into mortgages to reduce their monthly housing expenses. The following are some of the reasons why mobile home refinancing is right for you.

The first reason is that you will be getting a lower mortgage interest rate for your mobile home. This works well for most homeowners who are on a budget since they will not only get to lower their monthly mobile home mortgage payments, but they will also get to pay a lot less in future.

The second reason is to switch from an adjustable rate to a fixed rate mobile home mortgage. This works out well for the home owners because the fixed rate can be locked in for the entire span of the loan, so no surprises with increased interest rates in future payments.

The third reason why people should turn to mobile home refinancing is because it gives the homeowner the ability to pay off the entire mobile home mortgage sooner by shortening the loan term. So, in other words, you get to be free from making those extra monthly payments.
The fourth and final reason why you should choose mobile home refinancing is that adding or removing a co-applicant could allow you to get a lowered interest rate.


With more than one loan option to choose from, mobile home refinancing has never been this easy. All you need to do is get in touch with a mobile home refinancing professional to make sure that you get a fair deal.

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