Home is where the heart is. Many celebrities are wandering hearts and often choose mobile homes. They are termed as recreational vehicles and have helped make successful road trips by the plenty.

Some stars even have names for their favorite vehicle. Mathew McConaghey calls his mobile home “canoe.” He really loves it. The vehicle is an airstream trailer which is often parked in Malibu near the coast. The vehicle takes him around the United States. As he travels the press has a field day.

Even Drew Barrymore spent a month in a recreational vehicle. She took a trip across the country in 2009. She found it the most engaging experience she has ever had. This, inspite of driving problems.

A wildfire burned homes in Malibu in 1993. At this time Sean Penn also lost his mansion. Penn did it the smart way. He pulled an Airstream Soveriegn into his estate and used it as a home till his mansion was reconstructed. He used the mobile home for a few years.

Dolly Parton is another celebrity who has used a mobile home. She uses a RV to tour. Her RV is luxurious with a vanity mirror, shower and celebrity comforts. Pamela Anderson also owns an RV with a pole, vibrating bed and a mirror ball.

So thats how celebrities do it in a mobile home. For regular users, a mobile home still works. It has benefits that cannot be measured. It helps to know that you are in good company as a mobile home user.

There is money hidden in old mobile homes. There are tons of instances of people buying old mobile homes for $2,800. They then spend another $500 on advertising and minor repairs. Once that is done you find that people would be willing to spend upwards of $6000 to buy it from you. That $6000 is affordable to them because you, the seller are willing to give it to them through a small down payment and a regular monthly payment.

Over three to four years you have the payment back with a return that is very difficult to get. The principal you invest is paid back within a year or a year and a half usually. Here’s what you have done in this deal. You have simply put together a great deal and made a profit. In addition you have created a note that ensures that you get paid for the next 40 months.

The folks who pay you work for the money while you open the mailbox and deposit the check they sent you. Is that unfair? Perhaps, but it is also smart. The only thing that can make you rich is being smart rather than hard working. So when you see an old mobile home you should know that what you are looking at is an optical illusion. What it is actually is money, lots of it.

If you want to buy a mobile home there are a series of decisions you need to make along the way. The first is whether you are going to buy a new mobile home or a used one. If you have the budget for it, a new home may be right for you since it would be low on maintenance and repairs. Choosing a used home must be done carefully specially if it is a pre-1976 home that was built before the HUD standards came into place.
After the first initial decision, a good thing to do is choose a mobile home agent who can help you with your purchase. This makes many aspects of the purchase process easier. After finding the right home, you need to put the finances in place. Mobile homes usually have a higher interest rate and shorter term than traditional homes.

The last step is to provide the down payment and closing costs of the loan. The Obama administration recently passed legislation that gives you a tax credit up to $8000 for first time home buyers to use towards down payments and closing costs of mobile homes. Check out every detail of the home and the cost/benefit. A smart decision on this will give you the right base to take care of your other activities.

If you have a good amount of credit, then you can get a normal loan and start with your bank used for checking and savings. In this way the best interest rate coupled with the lowest fees can be availed of. The payment can be made easily at the bank.

Your own bank will usually give you a great deal. If you do not have perfect credit however then mobile home financing is tougher but you can still get it. A non conventional lender can easily do the mobile home financing but the rate of interest will be higher.

Another option is to use the buy here pay here mobile home parks. In this way you will be renting the lot, but paying on the mobile home. After paying to home off, it can be moved to your land or to another park.

Whichever way you buy your mobile home, make it a point to read the fine print and to consider all your options. Good luck with financing your mobile home!

Rotten and damaged floors are a major issue in mobile homes. Floors need to be maintained and repaired. In older homes this is a bigger problem due to particle board. Particle board disintegrates when wet. Now building standards for mobile homes are higher than was the case previously.

For flooring, you need 2 by 4 pieces, plywood, screw gun, hammer and nails, pry bar and circular saw. The thickness of plywood used must depend on the floor.

To repair mobile home floors, you need to begin by removing the floor covering. Removing carpet is easy but linoleum and tiles may be damaged and unusable. After marking damaged areas, set the blade depth to no more than 1 inch. After cutting the hole, removing the damage, and arranging for support members, cut plywood and secure it in place neatly.

Screws are preferable to nails for securing it in place. This is how you complete a floor repair in mobile homes. If many large areas of the floor are damaged, overlaying plywood over the entire area may be easier

As astrology is to the human, feng shui is to architecture. Feng shui takes into account the orientation of the house. The best part of feng shui is that it gives you remedies which will correct an unbalanced environment thus making it good for health, relationships as well as the finances.

 If the house faces south and was constructed in 1950, then the occupant can have heart problems or eye problems. If the house faces east and is built in 1970 the occupant may have problems with fertility. How does feng shui apply to mobile homes? Mobile homes are unlike traditional homes in that they are not attached to the ground.

Feng shui says that when the house is being made, the energy from the ground rises up. Then when the roof is put on the energy remains sealed inside and influences the lives of the residents for a long long time.

Since mobile homes are built as residences, they absorb the energies of the place they lie above. If the home is moved to a new location, it absorbs new energies of the ground it is located on. When the home lies on a piece of land, the same principles that apply to normal homes also apply to the mobile home.

Interest only loans have become hugely popular in recent times. The observation is that the interest only option is attached to adjustable rate mortgages. As a result the popularity of interest only loans has skyrocketed.
Adjustable rate mortgages are risky. This is because as market rates increase, the homeowners have to pay rising mortgage rates. If the interest only feature is added, then the risk increases further.

Interest only loans have a lower rate than standard fixed rate mortgages. This is something of a marketing gimmick. Adjustable rate mortgages are responsible for the lower rates rather than interest only loans.

In some cases, interest only loans are worthwhile. If the borrower keeps repaying the principal when he has the money, the amount of principal owed will fall and in such cases this type of loan is advantageous.

Check the home from outside for cracks or shifting. From inside the doors and cabinets must close easily. if they don’t then the home might need a re-levelling. Inspect the piers under the home as well. They may need replacement if damaged.
Roof leaks are an important thing to check for. After a home inspection all stains should be corrected and leaks should be repaired. Plumbing leaks are another issue. They can make the flooring soft and unstable and the flooring can collapse. As a result they need to be checked for and corrected.

Check for electrical problems. If the home was built in the 1960′s and 70′s then it may have older aluminium wiring that can lead to fires. This needs to be checked for and if necessary the whole home needs to be renovated.

Termites and dry rot are also a major problem that needs to be checked for and corrected. Termites can easily turn your home to sawdust. Dry rot does the same. Get a pest report before deciding to buy an old mobile home.

If you keep these things in mind while choosing an old mobile home then you may end up being very successful in buying the house of your dreams.

Structures adjacent to the home as well as the home will be covered against every kind of loss unless there is an exclusion in the policy. You are covered against damage from fire, windstorms, falling objects, lightening, explosions as well as other forms of damage. Usually the home is not covered when in transit.
It doesn’t matter what the peril is to your property, it can be covered. If someone in the home suffers bodily injury it is covered under the policy. The premium is high for insuring your mobile home because such homes are more prone to damage as compared to traditional homes.

The two types of coverage provided are the physical damage coverage for the home and liability coverage. Understand what is included and excluded in coverage before buying your policy.

The best home insurance for mobile home owners is Comprehensive Home Insurance Policy. All hazards are covered by this irrespective of the cause. This type of policy is not offered by some insurance companies in ever state of the U.S.

In these homes you don’t have to share walls, you can enjoy community and don’t need to own a regular home or condo. Pre HUD homes, built before 1976 often have bad construction, wiring and plumbing quality. Be careful when buying such homes.

Inspection is important prior to buying a home, mobile or otherwise. Usually parks allow pets and offer a pool, spa and other amenities. Mobile homes can be loved or hated depending on your personal make up. Maintainence costs to mobile homes can be quite high.

Although some people have sold mobile homes for profit, don’t look at these as an investment. Before purchasing in a mobile home park you may require approval from the park management. If you like the positives of a mobile home and are willing to overlook the negatives, maybe they are for you.