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Old 10-16-2018, 10:00 PM   #15
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I financed mine through a local bank, 48 months with 10% down when it was 14 years old, though I do have a substantial relationship with the bank, and could have paid cash, but would have taken a tax hit doing so..
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Old 10-16-2018, 10:43 PM   #16
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Quote:
Originally Posted by cataska View Post
I would not tie my home to a depreciating RV loan if you have to do that you cant afford it,
We did; Initially our loan was through an out-of-state bank, arranged by the selling dealer. We were already considering refinancing because the interest rate was down to 3.25% for home loans. We included the MH loan and paid off that out-of-state bank that was charging 15%. Then we doubled/sometimes tripled-up on home loan payments until we had the MH amount paid off in 3 years. We simply continued that practice and now the entire mortgage is almost paid-off.
This does take diligence and money management skills though.
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Old 10-17-2018, 03:00 PM   #17
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local credit union for me. They were terrific. Rig was over 15 years old when I bought it. They didn't hesitate once. They did require a bit of a down payment but it was a great option for me.
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