And I was not suggesting at all that was the situation, simply passing along how the banks may look at it.

Your best bet is to just call around. I would like to help, but the only loans I do under 40K are sub-prime loans.

Loan Ranger, can I get your contact information

After submitting a home equity request through our mortgage broker and further discussion with our broker, we decided not to go that route.

Texaschopper I have submitted an app with your company, please contact me so we can talk.

Engine Co,
If you already submitted an application with Dave and Texas Chopper, do no submit one with me. That would put too many inquiries on your credit and drive your score down. Inquiries stay on your bureau for 2 years.
Kyle

Don't mean to hijack your thread, but it might happen.

I am ready to step up to my second boat. How long a term can you take a big boat loan out to? what determines this time period? What are normal boat loan rates?

Looking at 99-2001 42 tigers. various power. Not sure on the purchase prices, but want to carry a loan of around 150k, will make up difference in cash. Assume credit scored in the mid 700's. Light debt load.

Jeff,
Term for $150,000 would be as long as 20 years and the rates are currently ranging from the high 6's to the mid 7's depending on the credit, horsepower, etc... Feel free to call me at the numbers below if you have any additional questions.
Thanks,
Kyle

I'll call you when I get the deal done. Thanks.