You have decided to invest in a mobile home but do not have the necessary budget? The subscription of a mobile home loan allows you to concretize this project.
The mobile home is one of the most economical solutions to enjoy your vacation or retirement at a lower cost. The mobile home loan allows you to become the owner of this property and thus to escape wherever you want. Discover all the characteristics of mobile home loan.
What loan to buy a mobile home?
On the legal side, the mobile home loan is considered a car loan. This type of loan offers a particularly attractive rate and repayment terms. To take advantage of this, you must present proof of purchase to the bank. It can be an invoice for the purchase of the mobile home or an estimate.
To buy a mobile home, it is possible to turn to the personal loan. In this case, nothing requires you to submit a justification of purchase to the bank. In return, however, the borrowing rate will be higher.
The bank loan is another possibility offered to the borrower who wishes to finance the purchase of a mobile home. The request for financing must be made from a bank and no longer from an organization specializing in consumer credit. The bank will study your situation (seniority, possible discovered or unpaid …) before making the decision to grant you or not this credit.
Finally, the concession loan can finance the purchase of a mobile home at a favorable rate during promotions. Be careful though, rates tend to be higher in normal times. It may be wise to use an online comparator before committing.
Mobile home credit: advantages and disadvantages
The mobile home loan has several advantages to know. First, it does not necessarily require input and is therefore accessible to all. Then, the monthly payments fixed at the time of subscription remain the same during all the duration of the loan which gives a certain security to the borrower.
The mobile home loan does not only have advantages. In fact, certain fees can increase the bill such as the rental of the land, the delivery and installation of the mobile home, the costs related to the registration card and those related to insurance. These costs must be taken into account before subscribing.
How to find the best mobile home loan?
To find the best mobile home loan, it is strongly recommended to use an online comparator. After completing a quick questionnaire, this tool offers the best offers on the market in terms of rates, monthly payments and repayment terms. This comparison allows you to sort through the many offers available and select the contract that best suits your needs. Some institutions even offer the possibility of subscribing to a mobile home loan online avoiding borrowers to move.