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Karla Divine's Blog

By Karla Divine | Broker in Portland, OR

Floating Home Financing Finally Comes into Line

Do you have a dream? Do you have a place you visit in your mind when you have a quiet moment? Do you see yourself in a cool cottage floating on the quiet part of the river, with a kayak on your deck and a sailboat tied to the front door? Is that dream your "sunny side of the street"? Take a moment to go there with Rod Stewart while you read the best news for your dream in 5 years!

Financing just got in reach!! Banner Bank is offering some terrific rates for purchase of refinance of floating homes! You can "go as low" as 4.25%!  But here's the thing: just like everything else about floating homes, financing is a bit different. Down payment is higher. The term for the loan is shorter....but it is ammortized over 25 years so the payment is affordable AND you can refinance instead of paying off the balance if that fits your financial life better.

So go ahead: Walk on the Sunny Side. Call me and let's talk about your reality for living on a floating home. It's the best lifestyle right outside your front door. Nice homes in every price range...especially YOURS!

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