Offshoreonly.com - LOW RATES ON BOAT LOANS AND REFI's

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- - LOW RATES ON BOAT LOANS AND REFI's (https://www.offshoreonly.com/forums/general-boating-discussion/91877-low-rates-boat-loans-refis.html)

mwdill

12-07-2004 05:44 AM

Re: LOW RATES ON BOAT LOANS AND REFI's

i was tapped twice in a week and it hurt me by .5 percent.

Donzilla

12-07-2004 06:39 AM

Re: LOW RATES ON BOAT LOANS AND REFI's

I am pleased with my current 0% for 36 and adjust to 3.99% so I won't go there. But can you get refinance done on other toys such as Diesel motorhome in the remaining balance of 130,000 K range?

Jassman

12-07-2004 07:17 AM

Re: LOW RATES ON BOAT LOANS AND REFI's

Dave P I will private email you, Thanks Jeff

DaveP

12-07-2004 07:20 AM

Re: LOW RATES ON BOAT LOANS AND REFI's

Quote:

Originally Posted by Steve_H

i may have to go the fixed loan route.
my heloc is climbing every month , currently 4.7% , and i have a feeling its only going to get worse :rolleyes:

whats the smallest amout you guys mess with? 25-35k?

We will loan $15k-$25k @ 7.0% Plus. As Jodi said, the less money you borrow the higher the rate.

DaveP

12-07-2004 07:22 AM

Re: LOW RATES ON BOAT LOANS AND REFI's

Quote:

Originally Posted by JASSMAN

Moneygirl what about on a boat that is presently being built, financing say 250k, what is the rush to have it done by Friday. 228-216-0900 Jeff

Jassman - if you qualify for 4.99% we can lock you in until Feb 1st. We can also extend terms to 25 /30yrs on $250k.

We can also deffer your 1st payment for 6 months.

DaveP

12-07-2004 07:25 AM

Re: LOW RATES ON BOAT LOANS AND REFI's

Quote:

Originally Posted by mwdill

i was tapped twice in a week and it hurt me by .5 percent.

The bank was not being 100% truthful. Getting tapped 2x in one week would not cost you 1/2% with any bank.

Also - in regard to hi-performance, we (Essex VP's) are able to offer the same rate to a customer no matter if it is hi-performance, cruiser, sailboat, etc...

The type of collateral does not affect your rate with Essex.

moneygirl

12-07-2004 03:14 PM

Re: LOW RATES ON BOAT LOANS AND REFI's

I want to thank all of the members who have contacted me! We are rollin' with the approvals!! I've been able to get 9 approvals so far since yesterday. Keep 'em coming! FYI: Generally when you purchase or Refi your boat, you have between 30 and 45 days to first payment. Save a little cash in December and lower your payment while putting it off until January or February!
Jodi Brandon
Newcoast Financial
949*993*4573
[email protected] :D

mwdill

12-07-2004 08:01 PM

Re: LOW RATES ON BOAT LOANS AND REFI's

so the 4.99% is for perfect credit? what about 50k for 15 or 10 years what would be a term for the best rate.

DaveP

12-07-2004 11:39 PM

Re: LOW RATES ON BOAT LOANS AND REFI's

$50k for 10-15yrs would be 5.25% - 5.95% depending on the bank.

Wachovia announced that they are raising rates this Friday. :(

Semper Fi

12-08-2004 03:48 AM

Re: LOW RATES ON BOAT LOANS AND REFI's

Jodi,
I have a question...if you have "no fees" like you said, don't you offer a higher rate to get a rebate from the lenders? I am guessing that someone else could give me a better rate than you by paying some fees. I am assuming it's just like the Mortgage industry.Please enlighten me. :D

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