Posted by Robert (MI) on November 03, 2000 at 02:34:10:
There is an industry standard 12.75% and it seems to work well. but you can almost work anything out with the buyer.
I just love Lonnie.
Robert F. (MI)
interest rate - Posted by Darl (MI)
Posted by Darl (MI) on November 02, 2000 at 13:47:54:
Is there a max rate any one can charge on MH financing in Michigan? Also is there a max number of homes one can sell in Michigan with out having to be a broker? Thanks
You need to ask your - Posted by Dirk Roach
Posted by Dirk Roach on November 04, 2000 at 12:06:05:
attorney what Usury laws are in MI. However don’t get greedy in regards to Interest on these deals, you can often as not cut your nose off to spite your face. I just posted a post discusing this up at the top of the board.
Dirk