Here’s a simple way to think about it:
– A chattel loan is a loan for the home itself, often used when you don’t own the land.
– A conventional mortgage finances both the home and the land together.
Here’s a simple way to think about it:
– A chattel loan is a loan for the home itself, often used when you don’t own the land.
– A conventional mortgage finances both the home and the land together.
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