Jonas Lee spends
Despite the common prejudice against them, mobile homes dirt cheap, give them a quick rehab and sell them for a larger ... Assembly line construction keeps the cost of all types of manufactured housing down, but single-wide "mobile" ...
Read full post here.
There are about 200 modular home manufacturers that assemble sections of modular units inside factories. Most modular units are made in complete, box like sections. Multiple-section units and stack-on units are common. Modular homes are the strongest of frame type homes built, and are 95% complete when they leave the factory. They are sold as .factory direct. or through a network of builders. During 2001 about 166,000 modular homes and apartments were sold. This number has more then doubled in the last two years, making modular housing the number one choice among homebuyers surpassing even the HUD-housing industry.
This is the traditional method of construction financing that many lenders still offer today. A double-close CTP loan provides two separate loans: an interim interest-only. construction phase loan to build the home and then a new permanent, fully amortized mortgage when the home is completed. There are two applications - two sets of fees - two closings - two loans. There are few advantages to this loan type simply because it is more expensive than a single-close CTP loan.
Related keywords: Custom Modular homes, District of Columbia modular homes, repossessed modular homes
More articles:
Why manufactured Homes are far superior than site-built houses
Emmy Award Winning Television Host Joins Customized Structures, Inc. Board of Advisors (PR Web)
Manufactured Homes and Mobile Homes for Arizona
Structured wiring the wave of future (The Biloxi Sun Herald)
Why systems-built houses are superior than site-built houses