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-   -   Can't get financing!? (https://www.offshoreonly.com/forums/general-boating-discussion/130785-cant-get-financing.html)

sre 05-24-2006 10:37 AM

Re: Can't get financing!?
 
If Fifth Third Bank is in your area they have a special right know on HELOCS. You take the HELOC which has no closing costs, and can convert it immediately to a 20yr fixed rate at 8.24% for only a $95 one time fee. I do this all the time writing 1st and 2nd mortgages with them. Payment would be about $8.52 per $1,000.

Shanghied Again 05-24-2006 11:33 AM

Re: Can't get financing!?
 
We use Essex Credit at Typhoon Performance Marine: Excelent! Dave is a great help and so is Amy (732) 899-7886

florida gator 05-24-2006 02:12 PM

Re: Can't get financing!?
 

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

Gotta be close to the top. I'm not so concerned about a variable tied to prime right now.

Downtown42 05-24-2006 03:13 PM

Re: Can't get financing!?
 
Chi290, does BobZ's deal on new 42 pending your deal? ( I assume you are buying his 99 35)

candyman35 05-24-2006 11:09 PM

Re: Can't get financing!?
 
Bob's picking up his new boat Friday. Sommerfliesby and me are borrowing it Saturday morning. :evilb:
Dan

Chicago290 05-25-2006 08:01 AM

Re: Can't get financing!?
 
I don't think it has anything to do with his new deal, but it seems to be his old boat that I'm TRYING to buy.

Chicago290 05-25-2006 11:37 AM

Re: Can't get financing!?
 
Oh well, SOL

Jayl13 05-25-2006 01:22 PM

Re: Can't get financing!?
 
www.russofinancial.com
Had an approval in 2 hours and their customer service was second to none. Ask for Melanie, she has financed a few apaches that I know of!!!
J

Panther 05-25-2006 02:03 PM

Re: Can't get financing!?
 

Originally Posted by Jayl13
www.russofinancial.com
Had an approval in 2 hours and their customer service was second to none. Ask for Melanie, she has financed a few apaches that I know of!!!
J

Jerry Pitts hooked me up! Good guy who knows a lot about financing, not just submitting the application to the bank!

Even when I thought I was going to scrap the blowers he had a line on a buyer for me.


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