Who's used Bank of America?
03-31-2013, 11:41 AM
#21
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I got a flyer from BofA a few months ago, from a lender in Baltimore area. I looked into it for a potential AT client. It took forever to get ahold of this woman; but once we finally chatted, she ran it up the flagpole and the VP of Marine Lending gave a resounding "no" on a performance/offshore boat--even if we 'shaped' the loan like a cabin cruiser/mortgage write off.
Last edited by Sydwayz; 03-31-2013 at 12:21 PM.
03-31-2013, 12:13 PM
#22
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I got a flyer from BofA a few months ago, from a lender in Baltimore area. I looked into it for a potential AT client. It took forever to get ahold of this woman; but once we finally chatted, she ran it up the flagpole and the VP of Marine lending gave a resounding "no" on a performance/offshore boat--even if we 'shaped' the loan like a cabin cruiser/mortgage write off.
04-13-2013, 01:10 PM
#23
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I recently purchased a new boat and was finding rates in the 5-7% range. I've had nothing but bad experiences with BoA so regardless of rate, I was looking elsewhere. 5/3 bank offered to write a personal loan using my paid-off truck as collateral for 2.75% for 7 years. No drama and the money was in my account within 2 days.
Not sure why they would offer 2.75% using the truck as collateral but could only do 6% using the higher valued boat as collateral. Seems a little goofy.
Fins.
Not sure why they would offer 2.75% using the truck as collateral but could only do 6% using the higher valued boat as collateral. Seems a little goofy.
Fins.
