Boatally Insane

iTrader: (1)

I own my boat free and clear but would like take a loan out against it to pay off some credit card debt.

Is there anyone who will do this on a 13 year old boat with a reasonable rate??


Thanks,

Doug Schiller
(262) 252-3377

Downtown42

did you sell your house yet?

Boatally Insane

iTrader: (1)

Nope......We've dropped the price $30,000 over the summer and have yet to receive any offers.


So now I'm looking to refinance the house to get rid of the outrageous 10.9% rate on our second mortgage then finance the boat to get rid of the 17% we're paying on credit cards which should lower our payments a LOT so we can survive another winter in Wisconsin.

Then hopefully try selling the house again in the spring...


Doug

Downtown42

its brutal right now....good idea try again in spring. I'm not with new home construction and will probably get out of real estate sales. Tired of weekends and want to move to LOTO.

Bigbroadjumper

You may have trouble refinancing your home if it has been on the market in the last 6 months. You will have to work with an "understanding" appraiser.

Good luck.

Titan

That is correct. You will need to take your house off the market and have a letter from the realtor stating the date the house was taken off of MLS. Then you should have no problems refinancing the house.