Sunday, November 16, 2014

Is getting a loan to buy, move, and setup a trailer considered personal or a mortgage?

I want to buy a $12,000 trailer. Including moving it to my property, buying and installing a septic tank, setting up electricity, laying the foundation etc. Runs up to about $20,000. I really wants this but don't have the money so I figured a bank may loan the money to me for a 6 year loan or something. I'm not sure if this would be a mortgage or a personal loan or what but advice would be appreciated.

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