Boat Loan terms
 

I'm just curious what a typical interest rate is and over how many years?

Thanks,
Steve

Re: Boat Loan terms
 

http://www.eboatloans.com/rates.php

Interest rate depends on credit rating and a few other factors...Like if you have ever had a long term loan before. One of my friends had a 750 FICO but only had credit cards and car/student loans for credit so the best he got was 7.5% for 15 years on $75k.

Re: Boat Loan terms
 

see below

Re: Boat Loan terms
 

Essex Credit 5.49% for 12-20yrs over $100k. Over 720 score with resonable D/I ratio.

Email me at [email protected]

Re: Boat Loan terms
 

Your rates are high. I am looking at 5.25-5.50. Not sure what my "score" is but I think it is good :D

Re: Boat Loan terms
 

You're right I double checked and I can see my memory is failing.

$75K-$199K 5.99% -you can take off .25% from the rate for 720+ beacon score

$200K + 5.75% minus the above deductions AND if you are 750+ beacon take off another .25% for the best rate today of 5.25%

Rates good for 180 months up to 100K and over 100 up to 240 months.

Re: Boat Loan terms
 

Von Bongo......That sounds more like what I have been told. Sorry we never got to meet......you missed a killer deal man :drink: :drink:

How's the Cig' treating you ?

Re: Boat Loan terms
 

Yea I know :D Cig is doing well but up for sale, if I wouldn't have come across it here I would have owned Thunder Enlightning.

Looking for a poker runner to drag around the country. With the house here at the lake I haven't used the cabin at all.