Reassignment Plan Moves Forward, Despite Funding Setback (WRAL-TV 5 Raleigh)
The Wake County Public School System has released the latest draft of its 2007-2008 reassignment plan. (See the plan inside.)
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Manufactured/modular homes can be built so that the transport chassis (frame) will remain as an integral part of the floor system or it can be removed and the home placed on a perimeter foundation. Some states require that single family homes be lifted from their chassis thus making them "off-frame" modulars. It is important to check with the local building official prior to ordering your home to verify any requirements they may have regarding "on-frame" and "off-frame" modulars.
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.
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