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Can't get financing!?

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Old 05-23-2006, 11:41 AM
  #11
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Default Re: Can't get financing!?

I've got access to some "no-doc" , no income verification boat loans. Feel free to holler!
Hugh/410-827-0200
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Old 05-23-2006, 11:51 AM
  #12
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Default Re: Can't get financing!?

It all depends on what Bank does the financing. For instance Key Bank looks at credit history and not really credit score. Other banks like M&T look more at Credit Score.

Because I got my previous boat and 2 cars via. cash, and didn't have a mortgage at the time Key Bank didn't think I had sufficient credit history.

M&T looked at my credit score which was excellent and gave me the loan!
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Old 05-23-2006, 12:25 PM
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Default Re: Can't get financing!?

Give boatme a call. He's helped me out with my deal.
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Old 05-23-2006, 04:45 PM
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Default Re: Can't get financing!?

Do Not Use Keybank. Moronic business practices, and incredibly poor customer service.
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Old 05-23-2006, 04:56 PM
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Default Re: Can't get financing!?

Bob Allen @ Scott Financial - 954-527-0777
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Old 05-23-2006, 05:21 PM
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Default Re: Can't get financing!?

Keybank sucks. I had them for a boat loan once. Why wouldn't you want a home equity line of credit? You will be able to write off the payment on your taxes....that's a good thing
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Old 05-23-2006, 05:24 PM
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Default Re: Can't get financing!?

What bad experiences did you guys have with key?
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Old 05-23-2006, 05:28 PM
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Default Re: Can't get financing!?

Quote:
Originally Posted by BajaRunner
What bad experiences did you guys have with key?
Customer service sucked. It was very bad.
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Old 05-23-2006, 07:54 PM
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Default Re: Can't get financing!?

Quote:
Originally Posted by Semper Fi
Keybank sucks. I had them for a boat loan once. Why wouldn't you want a home equity line of credit? You will be able to write off the payment on your taxes....that's a good thing

LOC rate is tied to the prime rate. The Fed has raised the rate substantially over the past 2 years. It is 5% now. Variable rate on a long term purchase is not a good thing.

Kyle
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Old 05-23-2006, 08:24 PM
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Default Re: Can't get financing!?

Quote:
Originally Posted by kswest
LOC rate is tied to the prime rate. The Fed has raised the rate substantially over the past 2 years. It is 5% now. Variable rate on a long term purchase is not a good thing.

Kyle
Your right....I meant a fixed mtg. Then he can still write it off. Prime rate is 8%
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