Loan #1 will be used to purchase MH that will be principal residence within a few weeks.This loan will not involve any land and is also temporary financing (maybe a couple of weeks). We are then going to do Loan #2 which will pay off the MH, pay for MH set-up & purchase the lot for the MH. Will we need ROR on Loan #2?
_________________________
The opinions expressed are mine and do not necessarily reflect those of my employer.