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If you own a mobile home and
aspire to a greater level of financial wellbeing, a
mobile home refinancing loan may be the right
vehicle for you. Some mobile homes are financed
with mortgages, but most are financed by personal
property loans, or chattel loans. Relative to
mortgages, personal property loans are usually more
expensive and have shorter maturities. Mortgages
are typically reserved for mobile homes that are
permanently attached to the land. In these cases,
both the home and land secure the
loan.
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