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Used Vehicles Auto Type Maximum Term ATV up to 4 years Boat up to 5 years Tractor up to 5 years Automobile- up to 5 years Over 1-Ton Vehicle up to 5 years Motorcycle- up to 5 years Motor Home up to 7 years Travel Trailer up to 7 years Movable Mobile/Manufactured Home† up to 10 years †Single or Double - The annual percentage rate will be based on a loan with 85% Loan-to-Value using an appraised value. If you can’t cut your cell phone expense to come up with the first 1% every month, you’re both in dreamland. By Mike Herman Article Word Count. The 80/20 mortgage is attractive to young professionals and people who have recently graduated from college and have good jobs and good credit.
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