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Old 02-20-2004, 12:05 PM
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Default Interest rates

Anyone have a better rate than 4.99%
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Old 02-20-2004, 12:15 PM
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For what???

A house, car, boat, ??????

I was just quoted 4.90 on a 1999 boat
135,000 loan
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Old 02-20-2004, 12:22 PM
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On a boat . $200,000+
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Old 02-20-2004, 01:15 PM
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Thru who?
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Old 02-20-2004, 01:24 PM
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4.5% for 23 years
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Old 02-20-2004, 01:36 PM
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Interesting that boat loans are cheaper than a home loan.

A 20 year home loan today with no points is about 5.25%.

If it's a new boat, then the answer is easy, you paid for the lower rate in the price of the boat. If you are going through a broker for those rates, some bank out there is desperate for loans or you have some other fees that are being tacked on to make up the difference.

Feel free to post who is doing them so cheap and what you paid for fees to get the loan.
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Old 02-20-2004, 01:37 PM
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43Thunder

That's the best I have seen. Who is it with?
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Old 02-20-2004, 01:50 PM
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Check with essex credit... They had some great rates at the LA boat show a few weeks ago
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Old 02-20-2004, 01:52 PM
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Quote:
Originally posted by SeaDated
43Thunder

That's the best I have seen. Who is it with?
Second National in Ohio....got it through National Marine.
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