Refinancing
11-01-2008, 09:30 AM
#1
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Location: Louisiana
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Refinancing
I purchased my boat last year, for a 7% loan rate from Newcoast Financial. Has anyone refinanced to a better rate with Newcoast?
The Fed has dropped the rate several times, I think I should be able to get a better rate now.
The Fed has dropped the rate several times, I think I should be able to get a better rate now.
11-01-2008, 11:37 PM
#2
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Boat rates are up above 8% now. There are a lot of other factors that affect boat loan rates besides the fed prime.
I highly doubt you will find any rate better than what you have. Wait until the economy stabilizes and go from there.
I highly doubt you will find any rate better than what you have. Wait until the economy stabilizes and go from there.
11-02-2008, 07:34 AM
#4
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Read this thread..prime has nothing to do with it, bond rates do
http://www.offshoreonly.com/forums/i...nce-rates.html
http://www.offshoreonly.com/forums/i...nce-rates.html
11-02-2008, 06:05 PM
#5
Read this thread..prime has nothing to do with it, bond rates do
http://www.offshoreonly.com/forums/i...nce-rates.html
http://www.offshoreonly.com/forums/i...nce-rates.html
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