I just got back from having coffee with my friend, who just got a mobile home mortgage. Before the coffee, I figured that she was pretty silly to be getting herself caught up in something like that, as we are very young and can still live at home for next to nothing.

She explained to me that she got a great deal and that mobile homes are going pretty cheap. She said that she got a manufactured home mortgage loan and that she will be able to pay it off in five years, even while attending college. She is excited that when she is done school, she will have a place to live and not be scrambling like so many other college grads.

She said that the PMI mortgage that she has is going to give her much freedoms and when she does graduate, she will have a place to live that costs her next to nothing, and should she decide to go for a house then, she can sell this one to cover a hefty part of the down payment on a new home. Maybe she is not so silly after all.