Posted by Randy on October 07, 2003 at 09:51:36:
You posted this question on the Mobil Homes site on this board, Lyle asked what your market thought about the rate. Mobil Homes are hard to finance at any rate, very high foreclosure rate. This is not a bad rate for such a high risk loan.
I suggest you send this guy a deal or two and see how it goes. If you can find a better rate then change, if your buyers are willing to pay this high rate go for it? I suspect your going to have allot more ?C? and below buyers than any other. ?A? & ?B? credit buyers can get 100% LTV on site built homes.