Greentree Mortgage Services: The Mobile Home Mortgage Lender That You Can Trust

Most of the time, looking for a mortgage loan program can be a very hard task. However, thanks to Greentree Mortgage Services, you will see that getting loans is easier than ever before.

First of all, mobile homes are now the premier choice of many people seeking home ownership today. Mobile homes are very popular because of a number of reasons. The first reason is that because it is a lot cheaper than buying a conventional home or getting one built. Secondly, mobile homes are what its name suggests. It’s mobile. This means that you can take it anywhere you like. So if you need to move, you will be able to take your mobile home with you.

However, when it comes to financing the purchase of mobile homes, most lenders refuses to do so. This is because mobile homes tend to be riskier to take as collateral than conventional homes. The fact that mobile homes tend to depreciate in value quicker than conventional homes, many lenders refuses to have mobile homes as collateral.

Besides, if you are a lender and you were offered to take something that depreciates in value very quickly as collateral, it will be very scary to do so. What if the person you loaned the money to wasn’t able to pay up? Surely the next step you need to take is to repossess the agreed collateral. When this happens, you need to sell the collateral in order for you to get the money you loaned back. Because the collateral depreciates in value quickly, there is a huge chance that you will need to sell it at a much lower price, forcing you to settle with the little amount of money you will get.

This is one of the few reasons why many mortgage companies refuse to finance or take mobile homes as collateral for mortgage loans.

However, with Greentree Mortgage Services, you will see that they will be able to finance your mortgage for mobile homes. They understand your needs to own a home. Because of this, they will be able to offer you attractive rates for mobile homes.

But you need to remember that Greentree is still a company that does business for profit. They may approve you for mortgage loan on your mobile home, but the interest rate will be significantly higher than conventional home mortgage loan programs.

Greentree Mortgage Services is one of the most trusted names in the mortgage industry. Here, you will see that you will be accommodated by qualified real estate professionals who will be able to guide you on the type of mobile home mortgage loan program available. They will not force or insist you to agree on the mobile home mortgage program they offer you. They will guide you on the different quotes they offer and will explain each of the offers to you until you get it.

These are the things that you have to know about mortgage loan programs with Greentree Mortgage Services. With them, you will see that it will be easier to get a mobile home mortgage, and you will be able to find the best offer that will suit your needs. So, the next time you plan on applying for a mobile home mortgage, think of Greentree Mortgage Services.

Entry Filed under: mortgage programs