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Chattel Mortgage on Mobile Home

Chattel Mortgage Form With Balloon In Fulton

Category:

Loans and Lending - Chattel Mortgages

State:

Multi-State

County:

Fulton

Control #:

US-0007BG

Format:

Instant download

Description

A chattel mortgage is a term used to describe a loan arrangement in which an item of movable personal property is used as security for the loan.

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FAQ

The Bottom Line. If you're looking to buy a modular home or movable piece of equipment, taking out a chattel mortgage could be right for you. These loans come with shorter terms and much lower processing fees. However, the interest rate will be higher than what you'd receive on a conventional mortgage.

The purpose of a chattel mortgage is to secure financing for moveable property or chattel. Chattel mortgages can be used to finance vehicles, mobile homes, and even heavy equipment like tractors.

The traditional mortgage is only for stationary property. It's suited for long-term real estate investments. Chattel loans are for property that can be easily moved. They're also an option for borrowers who want their loans approved faster and with shorter repayment times.

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HTFC approval should be submitted in the form of a ReturnonEquity submission. Visit a branch to speak with a Customer Service Representative to get started today.Purchase or refinance your home with a mortgage solution from Fulton Mortgage Company. Learn more about available home loan options. Payment Options for your Promissory Note: Structuring payment can have several options: • Lump Sum. The Corporation offers a variety of consumer lending products to customers in its market areas. This Mortgage Loan Purchase Agreement (this "Agreement"), dated as of May 21, 2014, is between J.P. Morgan Chase Commercial Mortgage Securities Corp. Find an expert in your area to help you begin the home-buying process.

Chattel Mortgage Form With Balloon In Fulton

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