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Home Equity Loan Considerations for Modular Vs Manufactured Properties (Full Video)

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First published at 19:55 UTC on March 7th, 2024.

#modular
#manufactured
#properties

Lendgo Refinance Strategies & Expert Insights

Lendgo Refinance Mortgage Rates

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In this episode of Mortgage Mastery, we delve into the nuances of home equity loans for modular and manufactured properties. Join us as we uncover essential financial insights to navigate the loan process successfully, empowering you to make informe…

Episode Highlights:
• Distinctions between modular and manufactured homes.
• Appraisal process and factors influencing the market value of modular homes.
• The construction and classification of modular homes
• Understanding the loan-to-value (LTV) ratio and its impact on borrowing options
• Discussing the importance of credit history and documentation for loan approval.
• Providing tips for preparing a strong loan application tailored to modular and manufactured homes.

Links: https://lendgo.com

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