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Chattel Mortgage on Mobile Home

Chattel Mortgage Form With Mortgage In Salt Lake

Category:

Loans and Lending - Chattel Mortgages

State:

Multi-State

County:

Salt Lake

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.

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.

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Log in to your account online to make a payment, check your loan balance and more. Our Loan Servicing team is always happy to assist you.DESCRIPTION: These are copies of chattel mortgages filed with the county recorder. Submission of Company Form (MU1): Complete and submit the Company. Create a document that outlines the agreement, including the type and amount of loan, the assets included in the mortgaged, and the terms of the agreement. You can eRecord your documents online through Simplifile right now in Salt Lake County. Complete all the forms included in this packet. (The Monthly Spending Plan is for required counseling purposes). 2. Call us at (801) 542-7080 or fill out our online inquiry form to get started! Easy Agent PRO works with, and is connected to, the top Mortgage Lenders in Salt Lake City.

Chattel Mortgage Form With Mortgage In Salt Lake

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