|
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AM
Funding of WNY, Inc
|
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|
Offers
Manufactured Home Buyers
|
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|
Multiple
Loan Sources
|
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| --------------------------------------------------------------------------------------------------------------------------------------------- | |||||||||
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Providing:
|
|||||||||
|
Higher
approval rates
|
*
|
Longer terms | |||||||
|
Competitive
Interest rates
|
*
|
Lower monthly payments | |||||||
| --------------------------------------------------------------------------------------------------------------------------------------------- | |||||||||
|
Funding
for:
|
|||||||||
|
New
Purchsase
|
Refinance
|
Pre-owned Purchsase
|
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| --------------------------------------------------------------------------------------------------------------------------------------------- | |||||||||
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Location:
|
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|
In
a Manufactured Home Community
|
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|
Rented
land
|
*
|
Own land | |||||||
|
***************************************************************************************
|
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|
AM
Funding of WNY, Inc
|
|||||||||
|
Offers
Manufactured Home Buyers
|
|||||||||
|
Knowledge
Answers to:
|
|||||||||
| --------------------------------------------------------------------------------------------------------------------------------------------- | |||||||||
|
Banking
Terminology:
|
|||||||||
|
Simple
Interest
|
*
|
1st payment date "Deferred" | |||||||
|
Grace
period
|
*
|
Late Charge | |||||||
|
Charge-off
or Default
|
*
|
Credit report | |||||||
|
Assumable
loan
|
*
|
Credit Score | |||||||
| --------------------------------------------------------------------------------------------------------------------------------------------- | |||||||||
|
Less
Interest and fees:
|
|||||||||
|
Bi-weekly
Payment
|
*
|
Buy Down Rate | |||||||
|
Structured
Inflated Payments
|
*
|
Points | |||||||
|
Random
Inflated Payments
|
*
|
Pre-payment Penalty | |||||||
|
Request a sample amortization worksheet at closing |
|||||||||
| --------------------------------------------------------------------------------------------------------------------------------------------- | |||||||||
|
Home
Owners Insurance:
|
|||||||||
|
Actual
Cash Value vs. Full Replacement Value
|
|||||||||
|
Named
Perils vs. Comprehensive
|
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