- Q: Can Berins give me an interest rate before I apply?
- A: No. We cannot pre-qualify an applicant or give exact manufactured home rates prior to getting your credit approved because the interest rate you qualify for is dependent on many factors including your down payment amount, credit standing, employment history, year and model of home and state of residence.
- Q: How much can I borrow?
- A: The amount you can borrow is also based on the value of your home, your down payment amount,your credit standings, employment history. Other terms and conditions may apply.
- Q: Is the interest rate a fixed rate?
- A: Yes. It is a fixed rate.
- Q: Will my loan have a pre-payment penalty fee?
- A: No. All loans are free of any pre-payment penalty fees. You may pay toward the principal balance or pay off the loan without penalty.
- Q: Can I finance a manufactured home for a relative or friend, also known as a "Buy For"?
- A: Yes there is a buy-for program available. Terms and conditions apply.
- Q: Why should I refinance?
- A: You should refinance to lower payments or shorten the term of a loan. The biggest reason is to save you money.
- Please contact us if you have a question that is not answered here.
