whats the different between home loan and mobil home loan?

Answer 1

Home loans have mortgages and are considered "Real Property," because of the land, etc. Mobile homes are considered personal property for tax purposes, but since they are so high in price and are good collateral, you can get a lengthy time to pay on mobile homes also. Mobile homes usually go down in value when they are no longer new. Many houses (depending up where you live) go up in value as housing costs rise.