FHA Manufactured Home Loan – Can You Still Get Manufactured Home Financing!

Real Estate

The standards for all types of housing loans have changed in the last year because of the credit turmoil and the economic crisis that we are currently going through. The FHA Manufactured Home Loan has seemed to be also effected by the tightened standards.A FHA Manufactured Home Loan is normally the best way to finance the purchase of a manufactured home because you only have to have 3.5% down payment and your credit scores does not have to be as high as for conventional loans. Read more

Home Financing Loans

There are many home financing loans, so choosing the right one is important. Educating yourself is the wisest investment you can make. So, be sure to fully educate yourself on home financing loans. You should learn: what APR means, what “fixed” means as opposed to “variable,” the different types of loans, the loans for which you qualify, the current rates, how many years you want to pay off your house and the total cost to move into your home.Home is what you make it, and so are home financing loans. Before you apply for a mortgage, obtain your credit report. This information is very important for the application process. Read more

Real Estate Investing Financing Truths – Part 2

No Money Down and other ‘Creative’ Real Estate Investment Methods

For many years, investors have seen the traditional real estate investment methods described in Part 1 of this article as a lot less than desirable!They began looking at the prices of houses and finding methods of bringing the price more in line with making more money in a faster way.These savvy investors developed ways to get loans on properties that allowed them to pull money out whenever they buy a real estate investment (cash back at closing) and lower their payments to build up their cash flow (‘creative’ investing).They even developed methods of determining a Sellers motivation for selling – and bought the property at a discount price.These creative investors also saw that some Sellers were not able (for whatever reason) to sell the property at a discount price, however, they still needed to get rid of the property, as they didnt know how to manage it as a landlord, or make money from it – not that it couldnt be done, they simply lacked the knowledge of how to do it.The Seller just never learned how to profit from a real estate investment. Read more