Which of the Following Regarding Mobile Homes Is True

question 17

Multiple Choice

Which of the following regarding mobile homes is true?

• A) interest rates on loans are usually lower than on conventional homes
• B) they usually depreciate more rapidly than a conventional home
• C) they cannot be financed using FHA, VA, or Cal-Vet programs
• D) in most cities, they are allowed to be placed in any residential area

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Definitions:

Sale And Leaseback

A transaction where a company sells an asset and leases it back from the buyer, providing liquidity while retaining the asset's use.

Lessee

A lessee is a person or entity who rents land or property from a lessor under the terms of a lease agreement.

Lessor

The party in a lease agreement who owns the asset and grants its use to another party (the lessee) for a specified period in exchange for payment.

Leveraged Lease

The lessor borrows a portion of the funds needed to buy the equipment to be leased.