Loan Interest Rates
 

Getting ready to finalize my purchase. Any suggestions on the best lender for lowest interest rate? Loan amount will be $100k+. Thanks in advance...

Re: Loan Interest Rates
 

6.5% with eboat loans last week

Re: Loan Interest Rates
 

Check with OSO Advertiser Essex Credit
Speak with OSO member DaveP

Re: Loan Interest Rates
 

Did on for 5.50 and one for 5.75 both within the last 30 days. 20 years fixed

Re: Loan Interest Rates
 

My current loan is with Essex and they were great to work with - also had the best rate at the time (2002).

Von Bongo - from what lenders did you secure these rates? These sound pretty good.

Re: Loan Interest Rates
 

DId them through the bank I worked for up until last friday. I can put you in touch with them if you would like.

Re: Loan Interest Rates
 

Melanie Jolles at Beacon Marine Credit, hooked me up fast and was great to work with 5.6 %. 866-523-2266...Rob

Re: Loan Interest Rates
 

Depends on %down, age of boat, FICO score, etc. I got 6.24% fixed last week. Every lender I talked to that was refered from members of OSO were great to talk to and all were pretty close for what I was looking for. Good Luck!

Re: Loan Interest Rates
 

OSO: It has its' privileges! :drink: :drink: :drink:

Re: Loan Interest Rates
 

Hurry up!!!!!!!!! Rates went up Friday and are going up again very soon.

Re: Loan Interest Rates
 

Whats your credit score ?

That will ultimately drive what rate and terms you get

Over 720 you can get 5.13 @ 20 YRS as of 3/18/05

Re: Loan Interest Rates
 

is it possible to get 20yrs on a 2003 boat for under $100k ? and who do you recommend?

Re: Loan Interest Rates
 

It should be no problem if all your credentials are good. The nice thing about a 20yr loan is it is "worst case scenario" you can always put more principal toward pmts. But if you go through a rough spell the pmts don't kill you. Plus depending on where you live you can write off 100% of the interest if you boat qualifies and you don't already have a second home.
Down side is if you aren't getting a super deal or putting a large sum down, you can become upside down very quickly.
Just my .02, Good luck

Re: Loan Interest Rates
 

I would be happy to discuss rates and terms with you. You can call my cel at 727-741-8150 or email me at [email protected] I am down at the Palm Beach Boat Show. We have lots of options available depending on your specific situation. Thanks.

Re: Loan Interest Rates
 

We have the ability to get 20 years for loan amounts $75,000 and above.

Re: Loan Interest Rates
 

LIOPA-

Credit card score is definitely over 720...where can you secure this rate? Thanks in advance...

Re: Loan Interest Rates
 

I'll PM you my number

Re: Loan Interest Rates
 

http://www.marineloan.com/currentrates.htm 5.12%


My question is since we are on lending and borrowing.........how about property, looking for a source to purchase property

Re: Loan Interest Rates
 

Why do I see a rate of say 6.25 then 5.12 are these bait and switch rates?

Re: Loan Interest Rates
 

which sites are talking about?

Re: Loan Interest Rates
 

I don't get it either. I have 720 score and could not find better than 6.5% for 20 years. If there's a legit better rate out there PM me cause I'm shopping also!

Re: Loan Interest Rates
 

There is no longer 5.12% fixed rate money out there. Do your research and interview your finance company before submitting multiple applications. No bait and switch here, just 13 years of experience with honest straight up answers.

Re: Loan Interest Rates
 

You'll notice that rates have gone up quite abit within the past 30 days.

Enticer if you need residential financing give me a call. I'm down here in Florida and can finance anywhere in the nation.

Re: Loan Interest Rates
 

I have 5.74% for 20 years on loans over $75,000. Requires 700+ credit score and 15% down. Call me on my cell at (727) 510-1570.

Corey O'Kelley
Newcoast Financial Services

Re: Loan Interest Rates
 

I've got to give thumbs up to Corey and Newcoast Financial. Great rates and good to work with.
TS

Re: Loan Interest Rates
 

makes me pretty happy to have grabbed the 4.59% fixed for 20 when I did. :)

The cost of money is gonna be the biggest hurdle for me to move up next. A point or two on 200K is some jing a month...down the crapper :( ... from my present perspective.

Signed: Spoiled by that cheap money.

Re: Loan Interest Rates
 

I PM'ed you my number