- Joined
- Aug 29, 2007
- Messages
- 2,042
I am looking for some info on Mobile Home mortgages in preparation for a upcoming LTB hearing.
What I need to know is what is the criteria for providing a mortgage (in Ontario only) on such a property.
Does anyone actually do mortgages on mobiles, is there a age criteria, only if they have foundations or not at all.
I know most of my tenants finance with bank or private loans but what I am hoping is that someone will provide a mortgage if a home is maybe less than 10 years old..
Same on insurance, in prep for board hearing, do insurance companies provide a policy that covers replacement value regardless of age/condition of home insured?
Since I don't personally live in a mobile, I only own the park, in do not have first hand knowledge. This info, if it supports my arguments, could go a long way toward evicting a true low life tenant I am presently battling.
What I need to know is what is the criteria for providing a mortgage (in Ontario only) on such a property.
Does anyone actually do mortgages on mobiles, is there a age criteria, only if they have foundations or not at all.
I know most of my tenants finance with bank or private loans but what I am hoping is that someone will provide a mortgage if a home is maybe less than 10 years old..
Same on insurance, in prep for board hearing, do insurance companies provide a policy that covers replacement value regardless of age/condition of home insured?
Since I don't personally live in a mobile, I only own the park, in do not have first hand knowledge. This info, if it supports my arguments, could go a long way toward evicting a true low life tenant I am presently battling.