Thanks for all the feedback!!

On talking with my mortgage broker this is what i discovered: no lender will give a home loan for a mobile home BECAUSE it is not a fixed chattel. Apparently a personal or even a car loan will suffise. So I have to redo the numbers (interest rates, insurance etc).

It’s in the city of Gosford and I am assured the…[Read more]

I am going to go have a look at it next week. In relation to the loan, I e-mailed a mortgage broker I have had dealings with in the past and they said they’d look into it but they couldn’t forsee a problem getting the loan. I guess we’ll see.

I’m going to go inspect it but it’s a mobile home selling for $33,000 with a secure tenant paying $120/wk.

I’ve already made inquiries into 100% loan and it’s a definite possibility!