Should I Buy a Mobile Home or Should I Go Into a Lease to Own Home.?
I like many people got hit by this economy hard. Fortunately i am leaving my home now with a little bit of money. (I got out before it got really bad) However i am left with finding a place to live with my two little children and my wife. The options i have been kicking around are weather i should buy a double wide trailer out right or if i should go into a lease to own options. either one would be temporary i hope until i can fix my credit and the construction Field picks up again.
I would suggest getting into a credit repair program. they can erase your bad credit within 90 days for a reasonable fee, this way you have a much better chance of buying a more affordable home. btw interst rates are falling like rain, i’d move quickly.
Filed under: lease to own home
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I would suggest getting into a credit repair program. they can erase your bad credit within 90 days for a reasonable fee, this way you have a much better chance of buying a more affordable home. btw interst rates are falling like rain, i’d move quickly.
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Can you rent for a few years? If house prices are falling, you come out ahead. No one is building much equity for the first 5 years anyway, and if prices are going down, owners are losing equity fast.
Lease to own is bad if the owner goes bankrupt. If the trailer is used, you might be able to swing it, but a new one is a depreciating asset.
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