We have just been given the green light from a lender that is offering nationwide financing. The best rates and terms will be for those with a credit score over 760 and can put down a minimum of 10 to 20%. The rate starts at 5.99% and it is a 10 year term. They can extend the term to fifteen years, the payment will be lower, but the interest rate would be higher. The lender will work with lower credit scores as well and views the whole picture of a client and their ability to pay.
Nationwide Financing Loan Options
We will take each customer, case by case and the lender can do consumer loans, commercial and possible home and land packages. They will not loan on shells.
Equity Line Of Credit
An equity line of credit is often one of the best ways to finance your cabin. I have several banks and credit unions that keep in touch with me and let me know when they have specials on their rates that often start as low as 3.50% . It is always best to check with your own bank that you have an ongoing relationship with to get the best rate.
Turning An RV Park Into A Tiny Home Village
Are you in the market to buy or do you own an RV Park or Mobile Home Park that you are transitioning to a Tiny Home Village? It is a great idea for so many reasons, because you know it is all ready zoned for park models and tiny homes ( always do your own personal due diligence ) . The water, sewer and electric are already in place. There are often extra amenities such as a clubhouse, pool, laundry facilities, etc………….The added bonus is there are often full time renters there all ready established for a steady income with even extra income if camping is allowed.
If this interests you, please contact me, I have Nationwide contacts for those wanting to buy or sell their RV or Mobile Home Park that have expertise in the following.
- Buyer Representation-Access to top National Listing Services and our highly developed Proprietary Resources Network to identify the best potential investment properties on and off-market
- •Seller Representation-Full Property Marketing and Listing Presentation on all major National Listing Services and access to our Proprietary Network of Prospective Buyers•Financing Borrower Pre-Underwriting Qualification Expertise and Loan Request Presentation and Placement
- •Advocacy-Negotiation and Due Diligence on Client’s Behalf
Tips To Improve Your Credit
Do not use more than 30% of your credit limit
Monitor your credit with Credit Karma ( though score is not accurate) Website
Do not close unused cards
Pay your bills on time
Avoid too many inquiries
Apply for new credit only when you have to
Dispute any inaccuracies ( Credit Karma is a great resource)
Keep a low debt to income ratio