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Boat Loan Rates

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Old 01-17-2008, 06:30 PM
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Can you tell me what that equates to [er thousand borrowed on a ten year term (@6.75)

7.60 on 20yr
11.48 on 10yr
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Old 01-17-2008, 06:38 PM
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Can you tell me what that equates to [er thousand borrowed on a ten year term (@6.75)

Also, what qualifies as big power?
6.75% for 10 years works out to $11.48 per $1000 financed.
Big power means we can do 1075's, 1500's, triples.
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Old 01-17-2008, 06:41 PM
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6.75% for 10 years works out to $11.48 per $1000 financed.
Big power means we can do 1075's, 1500's, triples.
Oh, I meant, where does underwriting decide you are big power
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Old 01-17-2008, 06:50 PM
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7.60 on 20yr
11.48 on 10yr
Hey Joe, you taking my job?? I hope all is well with you and your boat.
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Old 01-17-2008, 06:51 PM
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Oh, I meant, where does underwriting decide you are big power
Anything above 525's.
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Old 01-17-2008, 07:10 PM
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Hey Joe, you taking my job?? I hope all is well with you and your boat.
Just trying to help you out All is well thanks.
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Old 01-18-2008, 08:54 AM
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Great responses, thanks.
I was gone most of 2007 but from what I read and I am hearing the 7% range is where everyone seems to be.

Jobi, I am just looking... I plan to try to break 200 hours this season in the one I got, if I am ever home long enough.
But then again, I haven't found the "right" deal...

Thanks again for the data all.
Bryan
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Old 01-18-2008, 01:30 PM
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I just did a MTI Cat with twin 1000's for 6.50%.
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Old 01-18-2008, 01:44 PM
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I just did a MTI Cat with twin 1000's for 6.50%.
Might as well share your source........
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Old 01-18-2008, 03:22 PM
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I would wait until the end of the month. The Fed is supposed to lower the Fed Funds rate......this wil lower short term interest rates like Home Equity Lines Of Credit (HELOC), credit cards, car and boat loan rates. The long term mortgage rates are not affected by this.

The bonds value changes the % rates for longer term mortgage backed securities (like a 15, 20, 30 yr fixed) When bond values are high, mortgages rates go lower and the opposite. Right now the FNMA (Fannie Mae) 5.5% 30 yr is at 101.28 and going lower..........which means that rates will slightly go up.

Last edited by Semper Fi; 01-18-2008 at 03:25 PM.
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