Tag Archives: Dave Shanklin

Getting A Cash-Out Loan For Your “In-Park” Manufactured Home

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by Dave Shanklin “I own my manufactured home free and clear, and I need to borrow about $20,000 for home improvements. Can you help me?” Nearly every manufactured home owner has at least one time inquired about a getting “cash-out” loan or a home equity loan for their in-park factory-built home. Especially since the financial meltdown of 2008, this question …

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Major MH Lender Seeing Acceptance & Success with Step-Rate Loan Program for Personal Property and In Park Manufactured Home Financing

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by Dave Shanklin  CU Factory Built Lending, has wowed our industry with its very popular “Step Rate” loan product and has no plans of ending it anytime soon.  The Step Rate loan product offers the borrower a very low rate for the first five years of the loan, which adjusts one-time at the 61st month to a pre-determined higher fixed rate, …

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