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Ok, How's got the best boat loan rates...

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Ok, How's got the best boat loan rates...

Old 06-05-2006, 09:23 PM
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Default Re: Ok, How's got the best boat loan rates...

Originally Posted by Dean Ferry
Alright, where's all these OSO banker types?
Thanks,
Dean
Most actual banks are not going to be real competitive on boat loans. You can often get a better "bank" loan from a dealer than by walking into a bank. If you're willing to consider the HELOC route we can do prime -1. Rates tied to prime are not as bad as people think. Looking over time, we a re probably only looking at 2-4 more increases before it levels and possibly begins to decline.
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Old 06-05-2006, 09:29 PM
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Default Re: Ok, How's got the best boat loan rates...

Originally Posted by florida gator
Most actual banks are not going to be real competitive on boat loans. You can often get a better "bank" loan from a dealer than by walking into a bank. If you're willing to consider the HELOC route we can do prime -1. Rates tied to prime are not as bad as people think. Looking over time, we a re probably only looking at 2-4 more increases before it levels and possibly begins to decline.
PRIME (minius) ONE?? 7%??

Dean that is a good deal if you pay it off quick. They (Fed) only rasie the rate a quarter point at a time (normally) so you can always refinance if it gets out of control.
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