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Need a loan......

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Old 04-26-2006, 06:43 PM
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Default Need a loan......

Since I bought our boat we have "needed" to add various things to it. Although the boat was paid for at delivery, the "needs" were financed through a home equity note. Now the rate keeps jumping and I'd love to get a fixed "boat loan" for aprox 7 yrs at under 7%. My credit score is just over 800 and I'm looking at borrowing 1/3 the boats value so I should get the best rates available. Right?
Any suggestions from the peanut gallery here?

Russ C.
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Old 04-26-2006, 06:46 PM
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Default Re: Need a loan......

800+ is tits bro.....hard for anyone to give you crap over that.
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Old 04-26-2006, 07:00 PM
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Default Re: Need a loan......

call Pacific Fin. ask for Sandra off. 310-410-8836 or her cell 949-233-6536.....she has stated income loans and low rates. Very easy to work with
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Old 04-26-2006, 07:20 PM
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Default Re: Need a loan......

their just strokin you to see if you will bite.......turn up the pressure
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Old 04-26-2006, 07:44 PM
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Default Re: Need a loan......

essex credit is at 6.375% for 20 years. 866-377-3948
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Old 04-26-2006, 08:01 PM
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Default Re: Need a loan......

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Originally Posted by tomtbone1993
their just strokin you to see if you will bite.......turn up the pressure
???
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Old 04-26-2006, 08:12 PM
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Default Re: Need a loan......

Quote:
Originally Posted by t500hps
Since I bought our boat we have "needed" to add various things to it. Although the boat was paid for at delivery, the "needs" were financed through a home equity note. Now the rate keeps jumping and I'd love to get a fixed "boat loan" for aprox 7 yrs at under 7%. My credit score is just over 800 and I'm looking at borrowing 1/3 the boats value so I should get the best rates available. Right?
Any suggestions from the peanut gallery here?

Russ C.
You could always re-fi your house note and roll the HELOC into it. There has been talk of not allowing boat loan interest to be written off as a second home. Just a little food for thought.
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Old 04-26-2006, 08:47 PM
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Default Re: Need a loan......

Bank of America gave me 5.75% for 100K + just before holidays

credit score of 800
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Old 04-26-2006, 08:52 PM
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Default Re: Need a loan......

I would do it as equity as well Russ, the HELOC as Craig said is a great tool. If you do it with the boat as colateral, you have to pay it off if you decide to go bigger or get a diff boat...
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Old 04-26-2006, 09:15 PM
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Default Re: Need a loan......

Quote:
Originally Posted by CAP071
Bank of America gave me 5.75% for 100K + just before holidays

credit score of 800
I don't know what my score is, but I must be doing something right...

Citibank just gave me 1.99% fixed rate on $23,700 till it's paid off.
How could I say no to that?


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