Jun
27
if you have a home and would like to get a modular home.Do you pay two existing mortgages,how does it work?
Filed Under Renting & Real Estate
eveyc@verizon.net asked:
I have bought a home 3 years ago,I was wondering if we could get a modular home in the near future.But how much would it be the mortgage.Does it double the payments or is a contruction loan then converts into a regular loan?I am not sure of how it works
JESSIE
I have bought a home 3 years ago,I was wondering if we could get a modular home in the near future.But how much would it be the mortgage.Does it double the payments or is a contruction loan then converts into a regular loan?I am not sure of how it works
JESSIE
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One Response to “if you have a home and would like to get a modular home.Do you pay two existing mortgages,how does it work?”
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2 homes = 2 loans.
Sell the home you live in and build the modular. The builder will probably be able to set you up with financing.