Chattel loans and traditional mortgages serve different purposes in the home financing world. While mortgages are used for properties permanently attached to land, chattel loans are designed for movable homes or personal property. Chattel loans usually have shorter repayment terms, higher interest rates, and quicker processing times. They’re ideal for mobile home buyers who don’t own ... https://www.x2mortgage.com/blog/everything-you-need-to-know-about-chattel-home-loans