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Chattel Mortgage on Mobile Home

Chattel Mortgage Form Ford In Oakland

Category:

Loans and Lending - Chattel Mortgages

State:

Multi-State

County:

Oakland

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 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.

In some states and under certain circumstances, the owners of manufactured homes can refinance their chattel loans into conventional manufactured home loans even if they don't own the lot underneath their homes.

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Chattel Mortgage Form Ford In Oakland

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FAQ

What is the difference between a package mortgage and a chattel mortgage?

What type of property would be covered by a chattel mortgage?

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