Manufactured Home Loan Pro

The Best Way to Obtain a Manufactured Home Loan Refinance

MHLoanpro.com — Sun, 23 Sep 2007 12:46:56 -0500

Th ebest way to obtain a manufactured home loan refinance is to do your due dillegence and the best place to do that is on the internet. Many banks and lenders have stopped lending on these types of properties and many mortgage brokers do not undersatnd this unique market.

The good news is that we specialize in these mortgage programs and our expert staff can give you the best advice and get you a great rate.

Searching the internet is the best thing you can do when looking for a lender that can help you with your manufactured home mortgage but make sure it's a legit company and that they just don't sell your information to someone that may have no idea how to help you. That could cost you your credit and maybe your house!

Since its founding in 1998, MHLoanpro.com has never taken any advertising or freebies of any kind. Our organization employs the leading loan professionals and has a unique collaboration with the leaders in this industry. We can serve people nation wide by assisting them during this difficult time in the mortgage market.

Our company has formed special alliances with lenders that will lend on these types of properties in all areas of the country. Loan counselors are specially trained in mobile and manufactured home financing and can assist you during the process. Finding you the help you need.

My Links:

Stop Foreclosure Predatory Lending Mortgage Law FHA Secure Loan Modification

manufactured home loan refinance

FHA Secure and Manufactured Homes

MHLoanpro.com — Fri, 07 Sep 2007 18:08:28 -0500

The FHA Secure Loan has been the talk of the town so I wanted to touch on manufactured home loan refinance options for homeowners.

To qualify for the new program, being called FHA Secure, a borrower will have to prove the original loan was being repaid until it reset to a higher rate and they must have 3 percent equity in the home. The FHA does not supply the mortgage loan but it guarantees loans extended by banks and other lenders.

This new loan is realy just a "temporary hybrid" mortgage designed to provide some limited relief to our housing crisis. You can read more about the guidelines at http://www.hud.gov/news/release.cfm?content=pr07-123.cfm.

Manufactured Home Loan Refinance Professionals

MHLoanpro.com — Fri, 07 Sep 2007 06:37:35 -0500

Obtaining a manufactured home loan refinance in California can be tricky. In fact financing one of these homnes in any state can be difficult. Especially if you hire someone to represent you that is unfamiliar with these types of properties. It's like hiring a divorce attorney to handle your bankruptcy. Not a good idea at all.

Many properties in our state are valued much higher than the rest of the nation because the land in worth much more in certain areas. Many lenders do not understand that these homes can be worth $300,000-$700,000. This can be true in many other states also such as Nevada, Arizona, Oregon and Colorado.

MHLoapro.com has completed many loans in this price range with properties that have many unique characteristics like a garage, barn, stables, out buildings etc. These all add value and increase your homes worth. Appraisals need to be just right and everyone needs to be on the same page when working on your mortgage because 1 mistake by your lender could cost you your only chance in getting the financing you need.

I understand our unique real estate market and I can get you a California manufactured home loan refinance with less hassles and headaches. Guaranteed!

We also lend in many other states

Manufactured Home Loan Refinance Facts

MHLoanpro.com — Tue, 04 Sep 2007 06:59:52 -0500

Many homeowners do not understand the manufactured home loan refinance facts in today's mortgage market. Many lenders have stopped lending on these properties or they have tightened up their guidelines.

The first thing you need to determine is if you need cash out or you would just like to lower your rate. There are not a whole lot of cash out options available under Fannie Mae guidelines. The maximum cash out is 65% for a manufactured home on land and the maximum term is 20 years. Homeowners can go up to 95% loan to value for a rate and term refinance. Interest rates are typically in the high 6% to low 7% range.

There are a few lenders that lend outside the Fannie Mae guidelines. I will touch bases on the manufactured home loan refinance guidelines and I will also highlight the FHA Secure Loan and what that means for borrowers who need help.

To find out how we can assist you, please call us toll free or you can also fill out our simple online application and we will contact you within 24 hours or less.

877-266-7020 Toll Free Monday-Friday 9am-5pm Pacific Standard Time

Equity Mobile Home Loan

MHLoanpro.com — Mon, 25 Jun 2007 09:26:20 -0500

If you have a great rate on your first mortgage then you are probably looking for a equity mobile home loan. I usually recommend this type of mortgage when your first mortgage is in the 5-6% range and is fixed for 30 years.

If you refinanced in the last couple of years you most likely got into a loan that has a great rate and is fixed, so it's no wonder that you want to protect that and get a second to pay off debt or do home improvements.

Here are some of the facts that I take into consideration when I qualify a client:

What is my rate on the first mortgage?
What is the loan to value?
What are the client's credit scores?
Amount of debt?

Please understand that in order to qualify for a equity mobile home loan that you need to have great credit and a good payment history. Even though you have a great interest rate on your first mortgage and you don't qualify for a second then you may consider just doing a complete refinance because rates are as low as 6.75% for a fixed loan with cash out.

Please feel free to call me with any questions toll free at 877-266-8070 or fill out my easy online application 24 hours a day and I will respond within 24 hours.

I look forward to helping you!

Bankruptcy Mobile Home Loan

MHLoanpro.com — Mon, 25 Jun 2007 09:11:31 -0500

One of the toughest mortgages to obtain is the bankruptcy mobile home loan. The good news is that it's not impossible!

Many factors are taken into consideration when I qualify someone for a mortgage. One of the factors is if there was ever a bankruptcy in your past or are you in one right now. I have some great programs that allow borrowers to refinance or even purchase with this on their credit reports.

The things I will look at in determining if you're eligible is:

Date of filing
Date of discharge (if discharged)
Chapter 7 or 13

I have some great programs that allow you to refinance and obtain a bankruptcy mobile home loan because I realize that people make mistakes and deserve a second chance.

Please fee free to call me toll free at 877-266-8070 Monday-Friday from 9am-5pm Pacific Standard Time or you can apply online 24 hours a day using my easy application and I will call you within 24 hours.

I look forward to helping you during this difficult time!

Realtors: I Will Help You Sell a Manufactured Home Fast

MHLoanpro.com — Thu, 21 Jun 2007 11:39:32 -0500

It's no secret that manufactured homes can be a pain in the you know what?

I have been in the manufactured home business for 8 years and I am offering my services to any real estate agents who list or represent a buyer on one of these properties. My knowledge will help give you the edge and also my loan programs will get more buyers in that home.

Here are some of the purchase loan programs that I offer:

103% FHA financing. No mortgage history, credit history and collections are OK!
95% conventional financing on a 30 year fixed with 5% buyer funds rates are in the 6-7% range
Stated income loans to 85% and 15% second allowed. Seller carry?
75-25 combo manufactured home loans

I offer flyer services and 7 day a week prequals for all your borrowers. Please feel free to call me with any questions toll free at 877-266-7020 or local at 951-736-6796.

I look forward to helping fellow AR members sell some manufactured homes with less headaches!

Mobile Home Debt Consolidation Refinance

MHLoanpro.com — Thu, 21 Jun 2007 10:21:34 -0500

If you are trying to obtain a mobile home debt consolidation refinance, then you landed on the right website for help ;)

It's no secret that when your in debt, pulling money from your property is one of the best things you can do to alleviate some bills and save money every month. A simple 30 year mortgage with cash out is what would probably help you save some money every month and decrease the stress you may have from the anxiety of having too many credit cards or big vehicle payments.

Here are some of the programs that I have that can help you get on track and start saving your hard earned money:

30 year fixed loan with unlimited cash out to $250,000 with rates in the 7% range
95% cash out programs for people with bad credit
Stated income programs for self employed borrowers and bank statement programs for anyone
Scores as low as 400
Late mortgage payments, not a problem!
Foreclosure bailouts and much more!

You see, I'm in the business of helping people with their mobile home debt consolidation refinance and it's all I do.

Feel free to apply online with mysimple online application 24 hours a day or you can also call my toll free number at 877-266-7020 to speak with me right away.

I look forward to helping you!

mortggs

New York Bad Credit Mobile Home Loan

MHLoanpro.com — Thu, 21 Jun 2007 10:04:31 -0500

I just wanted to address the fact that a New York bad credit mobile home loan is still available to borrowers who need help. Just because you have had issues in your past, does not mean we can't assist you because most likely we can.

Daily I receive calls from people who need help and they have been turned down by just about every lender. The problem isn't always the borrower but the banks they are talking to. Many of these companies do not specialize in this type of financing.

The good news is that I am one of the leading experts in the country and my knowledge of this industry will help you get the money you need, when you need it, NOW! :)

If you look at some of my blog posts you will see that we have some great programs and even 95% cash out for borrowers who need a New York bad credit mobile home loan. Plus it's a 30 year fixed loan with rates in the 6-7% range for qualified clients.

Please feel free to call me toll free and I would be happy to assist you in any way I can. That number is 877-266-7020 and I am available Monday-Friday Pacific Standard Time or you can fill out my easy online application by clicking the image below and I will contact you within 24 hours or less to see what I can do to help you!

I look forward to assisting you in any way I can!

Utah Mobile Home Loan Refinancing

MHLoanpro.com — Wed, 20 Jun 2007 19:25:30 -0500

Attention: We now Offer Utah Mobile Home Loan Ref inancing!

Many banks and lenders have stopped lending on these types of properties and many mortgage brokers do not understand this unique market. The good news is that I specialize in these mortgage programs and my expert staff can give you the best advice and get you a great rate.

If you have been looking for a manufactured home mortgage then you just connected with America's #1 source for these loans. My company is 100% dedicated to serving people in this under-served market.

If you look at some of my blog posts below you will see that I have some great programs available for all of your Utah mobile home loan refinancing needs.

You can call me toll free 877-266-7020 Monday-Friday 9AM-5PM Pacific Standard Time or click on the link below to fill out our simple online application and I will contact you shortly.

Virginia Mobile Home Loan Refinancing

MHLoanpro.com — Wed, 20 Jun 2007 11:53:59 -0500

I have been getting a lot of inquiries for Virginia mobile home loan refinancing, so I thought I would help some people by posting some information about our available mortgage programs.

My company specializes in this type of financing and our staff is some of the best in the country.

http://www.mhloanpro.com/ Manufactured home loan programs:

I can now finance 1970 or newer
On owned land, in parks, PUD's and leased land
Does not have to be on a pemanant foundation
30 year fixed programs available with rates in the 6.5% range (at the time of this post)
100% purchase programs
95% cash out refinance
Stated income for self employed and bank statement programs
Bankruptcy
Foreclosure bailouts

As you can see, I have some great Virginia mobile home loan refinancing programs available to you and at a time when most lenders have stopped helping manufactured homeowners. If you want to deal with professionals that do not frown on these types of properties, then give me a call.

Please feel free to call me toll free at 877-266-7020 or fill out an online application by clicking the apply image below.

Mobile Home Financing

MHLoanpro.com — Tue, 19 Jun 2007 14:31:52 -0500

Trying to locate mobile home financing can be really tough these days for borrowers. Guidelines are a lot tougher now then in the past and many of the lenders have stopped lending on these properties.

Many people turn to the internet to locate a company that will handle their refinance or purchase and that's great because you can find a wealth of information. The problem is that may consumers do not know which company is for real and what website is just going to sell their information to the highest bidder.

So I thought I would post some of the great programs we offer so consumers can see what is available for them.

Year built now to 1970
In parks, leased land or on owned land
Up to 100% purchase programs
95% cash out refinances
Stated income programs for self employed
No maximum cash out
Foreclosure bail outs
Bad credit

As you can see we have some great options available for mobile home financing, so please call us toll free at 877-266-7020 or apply online 24 hours a day with or simple online application. Our office is located in California but we can help people almost anywhere or point in the right direction.

We look forward to helping you!

California Manufactured Home Loan

MHLoanpro.com — Tue, 19 Jun 2007 12:53:44 -0500

It's no secret that if you have been trying to obtain a California manufactured home loan, that it's tough out there in the mortgage market for borrowers trying to purchase or refinance these unique properties. Many people are in adjustable rate mortgages and they call the bank that has their current mortgage only to be told that they will not refinance them.

The market here is different then most markets because our land values can vary quite drastically. My team can refinance a property in Riverside County for $300,000 and then one in the same county for $80,000.

Mistakes often happen when a borrowers chooses a mortgage company not knowing that manufactured home loans are unique and require specialized training to understand and successfully do. A mistake on the appraisal or on submitting the loan can hurt the borrowers and result in a loan denial. So it's important that you do your research and find a reputable company that specializes in this unique financing.

I manage a mortgage company that specializes in California manufactured home loans in the city of Corona, Riverside County. I formed this team to cater to this under served market that needs help and we are here to help. We are local and we know this market better than any company around.

Please fell free to call me our any of my team members if you need help and you want a company that is professional, fast and honest!

Our toll free number is 877-266-7020 and the local number is 951-736-6796. Our mailing address is 1325 Corona Pointe Court Corona, Ca. 92879.

Manufactured Home Loan Refinance Professionals

MHLoanpro.com — Tue, 19 Jun 2007 08:49:20 -0500

It's no secret that if your trying to obtain a manufactured home loan refinance that you have met with some difficulties along the way.

Guidelines have got tougher and qualifying for a mortgage is tougher than ever for borrowers. So I decided to lay outr some simple tips in locating a lender for a manufactured home.

Search the Internet for a company that specializes in manufactured homes.
Type in keywords when searching like manufactured home loan refinance, bad credit manufactured home loans or the state first. For example California manufactured home loans.
Do not go down to the local mortgage company because they most likely do not specialize in them and can hurt you more than helping you.
When you find a website that looks legit make sure there is a phone number you can call and call it. Make sure they are actually a mortgage company and not a lead company that just sells your information.
Be 110% honest and leave everything on the table. It's best to lay out any issues on that first call then to hope they don't catch them later.
If it sounds to good to be true then it most likely is. Remember that this business is full of new loan officers that still use the bait and switch tactic to secure clients. I don't care if it's a reputable company or big bank. Everyday I here stories about this form frustrated clients and there is usually very little recourse. I have seen people strung out for 2-3 months by these people. Don't let that happen to you!

By just following the above simple tips when your looking for a manufactured home loan refinance will make a huge difference in securing proper representation and making the process a lot smoother.

Best of luck!

Maurice "The Manufactured Home Loan Professional"

Get Rich With This Niche - Manufactured Home Heavan

MHLoanpro.com — Tue, 19 Jun 2007 08:25:52 -0500

"I will never list or sell a manufactured home again!" Joe Realtor said.

It's no secret that manufactured homes are'nt the favorite property to market for real estate agents. Most get the feeling as if they are a hamster in a wheel, just going through the real estate motions and never getting nowhere and most importantly not making the sale for the efforts they put forth. Lot's of work and little or no pay make Joe Realtor an unhappy camper.

I hear it all the time from agents and loan officers, "I'm never doing a manufactured home again!" You couldn't pay me $10,000 to do another one!" I just listen to their bitching and moaning as my team and I laugh all he way to the bank. We seem to be prospering right now while everyone else is struggling.

Did you know that 99% of manufactured home sales are cancelled from lender incompetence and not as a direct result of the estate agent?

But in actuality the real estate agent is somewhat at fault for allowing a mortgage company or loan officer handle the financing when they have no experience with these loans. They are fueled by greed and can't step don't say, "Manufactured homes are out of my league." Of course they don't! It's tough right now and they want to hang on to every deal under the sun. But by them doing this to real estate agents, they are taking your commissions!

I love manufactured home loans and I want real estate agents to love selling manufactured homes!

That's the key here folks. We are prospering while many suffer and fight for business. Their cutting commissions and doing just about whatever it takes to close the deal and get paid so we can feed our family our pay our beemer payment.

Would you like a change? How about diversify your business and instead of going after the golden fruit (the million dollar listing) you go after the easy low hanging fruit that is ripe for the picking?How would you like to market to people who genuinely want your help? How would you like to go to a listing presentation and get your full commission every time? You can even charge more 7-8% because these are unique specialty properties and everyone knows that.

How would you like to add manufactured homes to your aresonal of real estate weapons and dominate this non-competitive market?

What most agents fail to do when taking a manufactured home listing or representing a buyer on one is teaming up with a lender that understand these homes and the various underwriting guidelines It's not that selling the home is tough, it's the financing that's tough and where 99% of all manufactured homes deals fall apart. If agents would only do the research to find all the financing available and team up with a company that specialize in these instead of their in house lender, then many of these deals would be saved and commissions wouldn't be lost.

I'm offering my services and team to any real estate agent that wants to work hand and hand with us in going after this unique and profitable market. We will teach you all you need to know to go after this market and make very good money in doing so.

When you hear manufactured home again, just remember Maurice with http://www.mhloanpro.com/, the manufactured home loan professionals, from active rain. Call me and I will make your MH deal happen and you'll be a believer and say, "I love manufactured homes!"

Get Rich With This Niche - Manufactured Home Heavan

MHLoanpro.com — Mon, 18 Jun 2007 11:40:40 -0500

I am an active rain newbie but not to the real estate market. This post is for agent newbies, active rain newbies and seasoned vets looking to tap into an untapped market and make money helping an underserved real estate market.

"I will never list or sell a manufactured home again!" Joe Realtor said.

Did you know that 99% of manufactured home sales are cancelled from lender incompetence and not as a direct result of the estate agent?

I love manufactured home loans and I want real estate agents to love selling manufactured homes!

How would you like to add manufactured homes to your aresonal of real estate weapons and dominate this non-competitive market?

Get Rich With This Niche - Manufactured Home Heavan

MHLoanpro.com — Mon, 18 Jun 2007 11:37:13 -0500

"I will never list or sell a manufactured home again!" Joe Realtor said.

Did you know that 99% of manufactured home sales are cancelled from lender incompetence and not as a direct result of the estate agent?

I love manufactured home loans and I want real estate agents to love selling manufactured homes!

How would you like to add manufactured homes to your aresonal of real estate weapons and dominate this non-competitive market?

Get Rich With This Niche - Manufactured Home Heavan

MHLoanpro.com — Mon, 18 Jun 2007 11:34:56 -0500

"I will never list or sell a manufactured home again!" Joe Realtor said.

Did you know that 99% of manufactured home sales are cancelled from lender incompetence and not as a direct result of the estate agent?

I love manufactured home loans and I want real estate agents to love selling manufactured homes!

How would you like to add manufactured homes to your aresonal of real estate weapons and dominate this non-competitive market?

Get Rich With Your Niche - Manufactured Home Heavan

MHLoanpro.com — Mon, 18 Jun 2007 10:15:15 -0500

"I will never list or sell a manufactured home again!" Joe Realtor said.

Did you know that 99% of manufactured home sales are cancelled from lender incompetence and not as a direct result of the estate agent?

I love manufactured home loans and I want real estate agents to love selling manufactured homes!

How would you like to add manufactured homes to your aresonal of real estate weapons and dominate this non-competitive market?

When you hear manufactured home again, just remember Maurice with www.MHLoanPro.com, the manufactured home loan professionals, from active rain. Call me and I will make your MH deal happen and you'll be a believer and say, "I love manufactured homes!"

How to Close a Manufactured Home Deal

MHLoanpro.com — Sun, 17 Jun 2007 10:35:59 -0500

I have been in the real estate business now for over 8 years and I have been involved in hundreds of residential transactions. From your standard single family home to your manufactured home on 30 acres and it seems that manufactured homes are the least understood by agents and loan officers.

The reasons that I believe is that they have different underwriting guidelines that are unique only to these properties. Not only are there different underwriting guideline but each lender and bank that lends on them has different guidelines. So what may work with one bank as far as getting conditions met, will not work with the other and vice versa.

One lender may take an appraisal with value up to 5 acres and the other may give you value to 10 acres. One lender may accept a post and pier foundation and the other requires a continuous brick perimeter masonry foundation. One lender may take business bank statements for proof of income for self employed and the other requires personal bank statements.

I really can go on and on about the differences and an inexperienced manufactured home loan professional that doesn't understand the various guidelines will most certainly make a mistake somewhere.

For example lets say you have a manufactured home listing on 12 acres and you get a buyer who is self employed that makes an offer. Everything looks great. Your in house lender who has done a few of these in the past prints out a pre-qual letter, an offer is accepted and you enter the property under contract in the MLS.

Everything looks fine and dandy. Appraisal is ordered, inspections and your buyers is working hand and hand in getting all loan conditions in. They send is all their bank statements, pay for an appraisal and are moving just as fast as you all are. Everyone is excited.

The appraisal comes in and is sent to the lender. 24 hours later your appraisal is rejected and the loan is suspended. You deal is dead and your loan officer feverishly tries to figure out what's going on.

Turns out that this particular lender gives value only on 5 acres, the appraiser gave full value at 12, the comps that the appraiser provided are not all manufactured homes, it's not on 1004c appraisal form as required for all manufactured homes and the nearest actual MH comp is 9.9 mils away.

Now what? Well the loan officer now has to talk with the appraiser and fix everything to save the deal. Essentially what you are asking the appraiser to do is do his job all over again and redo everything because that first appraisal is worthless and he now is going to charge a trip charge because none of this was on the special instructions on the appraisal order form. After going back and forth, the appraiser agrees to handle it early next week because now he's not getting paid and his motivation went for 100% to about a 5% to get this handled. Especially if you never used the appraiser before.

OK, a week or 2 goes by and the appraisal comes in and it looks perfect. Loan officer emails it to underwriting and the next day you get it signed off. Yipee! Your out of the woods now. Well not so fast buddy.

While the appraisal was being worked out. The borrower was digging up all their bank statements to prove income. Ordered about 4 months that were missing and it took a week to come in the mail. The loan officer packages them up and sends them to the lender and tells the agent, "All conditions are in, go ahead and schedule the final walk through and tell Mr Jones he can move to Alaska because we will close early next week."

Monday a fax is received, loan is denied for insufficient income. The loan officer calls the Account Executive and says, "What, The borrowers pulls in $50,000 a month and I proved that." The AE says yes but we only take personal bank statements for self employed borrowers. Big mistake.

The LO calls the borrower and frantically asks for personal bank statements ASAP. A week goes by, they arrive in the mail and the borrowers sends them in. The LO calculates the deposits and it comes out to $1,800 a month. The mortgage payment is $1,800 a month! Oh no! The seller is in Alaska and the buyer bought $10,000 in new furniture and you don't even have a deal. In fact it's as dead as they get.

Oh wait, the LO says. I'll take it to lender B who said they will take business bank statements. But little does the LO know that that lender will only go to 75% LTV and you need an 80% to make the deal happen. Plus the appraisal need to be redone yet again because they will accept value at 10 acres and that where you may be able to get that extra 5% to make it 80%. So time to call that favorite appraiser of yours.

If any of you have been in a manufactured home transaction, then you know what I'm talking about here.

The point I'm trying to make is be very careful on who you send your client to when they need a manufactured home loan. You may have a great relationship with a loan officer that is the best at what they do, SFR loans but that doesn't ,mean squat when they get they handle a manufactured home loan.

A seasoned professional that you recommend can look like an amateur very quickly if they don't understand these loans and make you look just has incompetents because you referred the LO. If you have been in the businees for any length of time then you know what I'm talking about and if you don't then use this as a lesson and don't let it happen to you or your commissions!

Manufactured home deals are some of the hardest deals to close and in this tough real estate market, agents need to make as many deals happen and improve their closing ratios so they can make the commissions that they work so hard for. So next time you have a manufactured home deal, make sure that the borrower is referred to a competent and professional manufactured home loan professional and not just any loan officer.

Better yet, if you take a manufactured home listing, contact an LO who specialize in this type of financing and work hand and hand with them in marketing the property properly and make sure all potential buyers are screened by the loan officer, even if that buyer has a fresh pre-qual letter because you and I know those pre-quals aren't worth more then the paper they are written on.

Best of luck to you all!

Manufactured Home Loans for People with Bad Credit

MHLoanpro.com — Sat, 16 Jun 2007 17:26:02 -0500

The manufactured home loan industry has undergone several changes over the past couple of years and the main change is that most all banks have discontinued their subprime manufactured home loan programs.

Many still loan under Fannie Mae guidelines but these loans are capped at a maximum 65% loan to value. The problem with this is that many manufactured home owners purchase their properties a few years ago at much higher loan to values when the banks were much more flexible in their loan programs, so when a borrower tries to get cash out for debt consolidation today, they realize it's almost impossible to find a lender who will go to 80-95% loan to value.

Manufactured homeowners with bad credit are having a tougher time finding mortgages for their homes and many are in adjustable rate mortgages that are starting to climb towards the sky. Leaving borrowers frustrated with very few options in finding a decent loan for their properties.

The truth is that there are still lenders, investors and mortgage brokers that specialize in the subprime financing of manufactured homes. Subprime, meaning borrowers with less than perfect credit to even terrible credit. Even A paper borrowers may be forced to go this route to consolidate debt and obtain a loan with a higher loan to value

The first thing every manufactured homeowner with bad credit should do is their homework and there is no easier way than the good old trusty internet. When searching the web, keywords will be the golden key to connecting with the right lender, investor or mortgage broker. Try keyword phrase searches such as, bad credit manufactured home loan, manufactured home loan, manufactured home loans, manufactured home lenders, subprime manufactured home loan, etc. Each search will pull up different results. Some sites will be just lead portals for companies to sell your information and some will be the companies you want to talk to.

When searching for a manufactured home loan, my advice is to always talk with someone or a company that specializes in these types of loans. If you just go down to your local mortgage company down the street, chances are they can't help or will give you the run around leaving you stressed out and frustrated.

Like I always say, real estate will be your most important investment of your lifetime, so please take more time in educating yourself about it and spend mush more time then you would planning a vacation. You'll be much better off in the future and hopefully much richer!

Newbie Introduction to a Great Place

MHLoanpro.com — Sat, 16 Jun 2007 16:17:36 -0500

This is the most unbelievable website for networking real estate professionals in the online world! I study the search engines all the time because I am active in my SEO efforts and I kept seeing active rain postings but never really took the time to see what it was about.

1 hour later, I'm a new proud member.

My name is Maurice, I am from Southern California and I manage a specialty manufactured home lending division. I have been in this manufactured home loan business for 8 years now and I hope to provide valuable advice and help to anyone who needs it in regards to all aspects of manufactured home financing.

My goal is to be the #1 got to guy for your manufactured home loan questions. So please feel free to email, call or visit my blog if you need help in any way.

Thanks to all the great contributers here and I look forward to doing my part and making active rain even better!

Best Regards,

Maurice

Manufactured Home Loan Searching

MHLoanpro.com — Sat, 16 Jun 2007 13:05:53 -0500

The internet has become one of the best tools a consumer has when searching for a manufactured home loan. However the search results that they find can be a maze of websites that make it difficult to pinpoint who to trust and submit your private information to.

I'm estimating that 60-70% of these sites are of no use to the consumer because these websites are not actual real mortgage companies but lead companies that just collects a borrowers information and the sells it in the after market to whoever will buy it. This is not in the consumers best interests but the websites best interests. They are not screening the lender in advance to make sure they specialize in manufactured home loans, so your information may be going to some kid that just graduated high school and has $20 to purchase your information.

Scary isn't it?

I don't know about you but I wouldn't want my most valuable investment to be handled this way. Yet I see this happen every day and I think consumers need to be aware of these websites that have no phone number or actual physical address and can end up hurting you in more ways then you know.

If you are looking for a manufactured home loan then you need to educate yourself by researching the company you are applying with. Make sure that they have a phone number where you can call and reach an actual live person. Go to their contact page and make sure they have a physical address and office, not just a PO Box. Call and speak with someone and get a feel to see if they know what they are talking about or they are just BS artists trying to make a quick buck by selling your information.

Manufactured home loans are on of the toughest mortgages to obtain right now. There are many factors that come into play in the qualifying process that many loan officers do not understand. Trusted in the wrong hands can mean financial disaster to the client.

This incompetence and lack of knowledge can definitely affect a borrower greatly. A mistake on their behalf can cause you to in being denied for a refinance or purchase loan and what consumers fail to realize is that there is no 2nd chances with lenders.

Once denied, you have a minuscule chance of correcting a mistake and resubmitting the loan for approval.

With so few lenders that even lend on these homes, you may have only one shot at getting the financing you need. Do you want to trust your most valued investment with an amateur or seasoned manufactured home professional? Do you want to fill out a form just to have your information sold to the highest bidders?

Just take your time when researching manufactured home lenders and don't fill out the first form you see just because they say they do manufactured home loans. Most certainly don't submit your information to a website that will just sell your private data to multiple unqualified loan officers.

The informed consumer always wins!