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-   -   How did I do on my finance rate with 15% down? (https://www.offshoreonly.com/forums/insurance-finance/191118-how-did-i-do-my-finance-rate-15%25-down.html)

bimmerboy318 07-15-2008 11:33 AM

How did I do on my finance rate with 15% down?
 
I got 6.87% fixed with 15% down on a 15 year loan. Total price was $65K before the down payment. How does it sound?

SinkorSwim 07-15-2008 12:31 PM

From who...???

Sounds good

Gladhe8er 07-15-2008 12:35 PM

Yup, sounds like you got a good rate.

bimmerboy318 07-15-2008 01:22 PM

My other option was 100% financing of the $65K for 7.75% over 15 years.

I went for the lower interest rate.

bimmerboy318 07-15-2008 01:29 PM


Originally Posted by SinkorSwim (Post 2624128)
From who...???

Sounds good

Jerry at Russo Financial got me the loan through US Bank or Bank US. Not sure which comes first.

Magic Medicine 07-15-2008 06:50 PM

I got the same rate with no money down in march. I financed a little less for 20 years.

bimmerboy318 07-16-2008 07:40 AM

Rates and the ability to get 100% financing has changed over the past few months.

getchasum111 07-16-2008 08:33 AM

are you talking about a boat purchase or a home or a business or commercial property or a farm or a.....i'm a mortgage broker....let me know if i can help....

seafordguy 07-16-2008 08:56 AM

Good enough - go use the boat - don't worry about the rate!!!

Velocity Vector 07-16-2008 09:32 AM

Sounds like $30,241.84 in interest to me. but who keeps a boat for 15 years anyway?


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