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LoanJunction.com

Revolutionizing Mobile Home Loans





vaccinations?
pet care?
keys?
house alarm?
travel to airport?
cancel milk?
cancel papers?

tickets & paperwork
passports
driving licences
visas
insurance
medication

hand luggage
travel snacks
... and sun cream!

 

Opinions?

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Basically, a general rule to remember is we are building a case to the Underwriter on every loan submission. Therefore anything that makes you look good to the bank should be submitted; things like child support, Structured settlements and rental agreements for other properties are all Examples of things that make you look good to the bank.


Furthermore: Mobile home loans are not like regular home loans in the sense that they are processed and evaluated case by case. If there are things that make your file look better let us know. It is our goal to provide you with the best mobile home loan that is available and in most cases we’ll need you to work as hard as we will to accomplish this goal.


Please fill in your application as complete as possible. As well if there are things we need to know about…things like an ex spouse still on title, home being a rental property or 2nd home, loss of job or change in careers are all critical things that you should tell us about up front, as we will inevitably find them out anyway. If there are foundation issues, park lease issues, home repair issues or any other major thing please let us know…it will only help.


Again thank you for inquiring with LoanJunction.com. Myself & the LoanJunction Staff value the manufactured industry, value customer service, value our reputation, value our park communities but most of all we value You.

 Mobile Home Loans Q & A 

Manufactured Hone Loan Savings TipsHow to Reduce Your Mobile Home Mortgage

One Additional Mortgage Payment a Year on your Manufactured Home Loan Can Save Thousands

There's a simple trick to significantly reduce the length of your Manufactured Home Mortgage and save you thousands of dollars.The trick is to make one extra Manufactured home Loan payment a year and apply that payment toward your loan's principal.This is the method being used by "Bi-Weekly Mortgage Reduction Services" and "Bi-Weekly Mortgage Savings Programs". Only, when you do it yourself, you don't pay a third party unnecessary set-up costs and fees!

Example: $100,000 loan, 30-year mortgage, 6.5% fixed interest rate



One-time Payment on Your Manufactured Home Loan

It may not be possible for you to increase your monthly Mobile Home mortgage payment. Keep in mind that most Manufactured Home Mortgages will permit you to make additional payments to your principal at anytime. Perhaps, five-years after moving into your home you receive a larger than expected tax return, or an inheritance or a non-taxable cash gift.  You could apply this money toward your loan's principal, resulting in significant savings and a shorter loan period.Example:

With a $100,000, 30-year, 6.5% fixed interest rate Manufactured Home mortgage loan, the borrower will pay a total of $227,542.98to pay back the loan in 30 years. That equals $127,542.98 in interest payments.If the same borrower makes a one-time $5,000 payment on her Mobile Home Loan the first day of year 6, he/she will pay a total of$204,710.75 and pay off the loan in 27 years (324 months). That's a savings of $22,832.23 in interest.





MORTGAGE SAVINGS TIPS