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What items must be prepaid?

April 26, 2017items manufactured home loans mobile home equity mobile home payment mobile home rates modular home equity modular home rates prepaid

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What items must be prepaid?

12 Answers

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Your will be notified as soon as you decide which loan you are accepting. Such items as property taxes must be paid in advance.

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Some expenses, such as the first year’s property taxes and insurance, must be paid at closing. Your lender should let you know what’s required.

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Some expenses, such as the first year’s property taxes and insurance, must be paid at closing.

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There are no pre-pay items. Typically we allow you to finance into your new bad credit purchase loan up to 2 year of fire insurace, 2 years of a home warranty program, closing cost and up to 6 months of space rent. • How long is quoted interest rates good for? Called a rate lock, under normal instances we lock the rate for 60 days which is free to the client. • How long will the approval take? With a complete file and motivated client approvals take 30 minutes with loan closings in as quick as 3 days for bad credit & 7 days for good credit. • Will the loan have a prepayment penalty? Absolutely not. Even with a bad credit standing we won’t be assigning a pre-pay penalty. Revolutionizing Mobile Home Loans Getting to know LoanJunction.com • Experience. Founded in 1999, LoanJunction.com has processed and funded 10’s of thousands of mobile home loans. • Customer Service. We are only as good as our last clients says we are.

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Your lender should let you know what items, such as property taxes and insurance, must be paid in advance.