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Mobile mansions
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<blockquote data-quote="socsmm6" data-source="post: 661814" data-attributes="member: 4543"><p>70,000 for 15 years @5% is 553.00 plus insurance and property tax. 35000 for 7 years @5% is 494.00 plus insurance and no property tax as he has no land (family property). When he gets home paid for we will see about deeding an acre to him. </p><p>The question was not whether or not he should buy a house or mobile home. The question was is there anything we need to make sure the home has in it. </p><p>With a new mobile home he should not have to worry about any repairs for a while. Buy a 20-30 year old house and repair could pop up the next week. The short term loan will help him build his credit. If that goes well for him then take the plunge into home ownership.</p></blockquote><p></p>
[QUOTE="socsmm6, post: 661814, member: 4543"] 70,000 for 15 years @5% is 553.00 plus insurance and property tax. 35000 for 7 years @5% is 494.00 plus insurance and no property tax as he has no land (family property). When he gets home paid for we will see about deeding an acre to him. The question was not whether or not he should buy a house or mobile home. The question was is there anything we need to make sure the home has in it. With a new mobile home he should not have to worry about any repairs for a while. Buy a 20-30 year old house and repair could pop up the next week. The short term loan will help him build his credit. If that goes well for him then take the plunge into home ownership. [/QUOTE]
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