Back to Glossary
Mobile Home
Updated
January 19, 2023
A mobile home is a prefabricated construction produced in a factory and often towed to a separate location. Mobile Homes are often called a park home, trailer, trailer home, house trailer, static caravan, RV, residential caravan, motorhome, or simply caravan. They are commonly left continuously or semi-permanently in one area but can be relocated and may be obliged to move from time to time for legal reasons, whether used as permanent residences or for vacation or temporary lodging.
Related Topics
Navigating the Process of Mortgage Modification
What Is Non-Recourse Lending?
What Is a Short Sale?
When Is the First Mortgage Payment Due?
What Does Foreclosure Mean?
What Is a HELOC Loan?
Loan Default
Financial Considerations (For First-Time Home Buyers)