Can't get financing!?
 

Hey guy, looking to upgrade to a '99 fountain lightning. I am having some problems with getting a loan (just bought some investment properties and they don't like my debt to income) and i do not want to use a home equity line..anyone have any suggestions for more creative finance companies?... thanks!

Re: Can't get financing!?
 

try ESSEX CREDIT in Point Pleasant NJ and ask for Dave Patnaude

Re: Can't get financing!?
 

Key bank in Ohio

Re: Can't get financing!?
 

Try Contacting Kyle and Newcoast Financial hes a great guy and a big help. He'll answer any questions and Im sure he can get you setup.

John

Re: Can't get financing!?
 

Melanie Jolles at Beacon Marine Credit,866-523-2266. Has helped quite a feew members here and a great person to boot.

Re: Can't get financing!?
 

Calll me i think i can hook you up

Marc 616-842-5370

Re: Can't get financing!?
 

I used Essex Credit. I was very happy with them.

Re: Can't get financing!?
 

Thanks for the suggestions..tried them all..guess I have to look to lower tier financing.

Re: Can't get financing!?
 

Essex for 2 boats and a refi

Re: Can't get financing!?
 

Call Marc Blondin (Boatme). He can hook you up!

616-842-5370

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

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! :evilb:

Re: Can't get financing!?
 

Give boatme a call. He's helped me out with my deal.

Re: Can't get financing!?
 

Do Not Use Keybank. Moronic business practices, and incredibly poor customer service.

Re: Can't get financing!?
 

Bob Allen @ Scott Financial - 954-527-0777

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 :D

Re: Can't get financing!?
 

What bad experiences did you guys have with key?

Re: Can't get financing!?
 

Customer service sucked. It was very bad.

Re: Can't get financing!?
 

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

Re: Can't get financing!?
 

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

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.

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

Re: Can't get financing!?
 

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

Re: Can't get financing!?
 

Chi290, does BobZ's deal on new 42 pending your deal? ( I assume you are buying his 99 35)

Re: Can't get financing!?
 

Bob's picking up his new boat Friday. Sommerfliesby and me are borrowing it Saturday morning. :evilb:
Dan

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.

Re: Can't get financing!?
 

Oh well, SOL

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

Re: Can't get financing!?
 

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.