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With interest rates the lowest they’ve been in a while, you may be thinking about refinancing your existing mortgage into a new one. As a homeowner, there are good reasons to consider this option: to get a lower interest rate, to drop private mortgage insurance, or to pull cash from your home’s equity to consolidate debt or make home improvements. The short answer, of course, is to have more money each month for groceries, car payments and the orthodontic’s bill.
There are many good reasons for buying a manufactured home but perhaps the most appealing is their budget-friendly price tag. For about the same as your monthly rent payment, you can buy or build a new manufactured home. This can be an especially appealing housing option if you’re a recent college grad with student loan debt or you’ve an empty-nester looking to downsize.
If you’ve made the decision to buy a manufactured home, you’re already aware of the advantages of this housing option over a traditional site-built home. They include a budget-friendly price tag, cheaper maintenance, lower monthly payments, and reduced property taxes.