Road-Legal = Finance & Insurance
A Road-Legal Tiny Home is financed and insured like a car / boat / caravan - secured against the assets (trailer and home). It is NOT an unsecured loan and therefore: -
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Your ability to service the loan, is the cap
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The Tiny Home and trailer itself is used as security
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Lower interest rates than unsecured loans
Finance and / or Insure your
Tiny Home
At Mobi Mansions, we understand that purchasing a tiny home is an exciting but significant investment.
Purchasing a Road-Legal tiny home, however is far easier than a stationary tiny home or tiny home on a "dolly" or "site trailer" which can not legally be pulled on NZ roads. The reason is because a Road-Legal home qualifies for finance in the same way as a car or boat, whereas a "non-road-legal" tiny home is normally financed as a personal loan with low capped value and very high interest rates.
Normally, if you don't own land or other property that can be used as fixed asset security for a loan, you might struggle to finance your tiny home unless you can borrow from family or friends. Purchasing / ordering a Road-Legal tiny home however changes this scenario dramatically, because the tiny home itself is sufficient as security for the loan.
Mobi Mansions ensures the trailer and the home (which is designed and built as "a load on a light trailer" and thus can be removed) both have unique asset identification to satisfy the requirements of finance lenders and insurance companies.
All loans are subject to the normal conditions of a good credit rating, fixed stable income and other standard criteria.
To help you bring your tiny home vision to life, we provide guidance on the best financing and insurance options available. Contact us for more information.
Please Note:
Mobi Mansions are not financial advisors and we are merely supplying the contact details of professional brokers to assist prospective buyers to get the right information and assistance faster. Each application with a professional broker will be independently assessed on merit by lenders and there should be absolutely no assumptions of automatic approval just because we supplied the contact information.
Tip
"If you are struggling to finance your tiny home with lenders, you are going to struggle even more trying to get insurance!"
