Don't back pedal...you were confused to the difference between the two.
And this is why I dislike brokers. Who gives a fuck about the discount? I'm not paid on margin so I don't need to worry about it and try to cover the spread to make my money and still fuck the borrower. No, I do not sell or live in a modular home. I am educated on them and have absolutely nothing against them.
No, I will not spend the time doing your research for you. If you really need me to illustrate how a modular home is built better than a stick build, you are in the wrong business. Call an appraiser or inspector, they will educate you. Or, read LJ's posts. He did a good job.
Well said. As will Union Savings Bank...and I'd be willing to bet it's cheaper to do so with Union.
Side note...there are actually a lot of manufactured homes that are being built to stick build code. I found this odd, but kind of neat.
Again, NO. Refinanced the EXACT SAME. Cash-out is just as easy.
How about doing a cash-out refi FHA on a manufactured? Also easy as long as the value is there.
I'm mad that my bank won't touch Cleveland proper on conventional deals. Looks like I'd make a KILLING based off of the lender competition...
-Marc