Is it actually easier, less of a pain and less scrutinizeing by the banks.
Like if you own the boat free and clear, and you would want to pull $$ out of the boat cause the interest rates are so good.

Thanks in advance.

Anyone??

Refinancing is not a problem with most lenders. What you are wanting to do is not a refinance.
You are looking to take out a loan and use the boat as collateral. I think it will be difficult to find that.

Yes that is true. I wonder why it's harder to take out a loan on a boat that's already paid off.

Thanks for the reply

Data probably shows it's riskier to give a loan on a boat paid off then it is when borrowing to buy one.

A guess, but, history shows it's harder to get a loan and/or has higher rates the riskier something is.

And....I bet a banker would rather see something else as collatarel than a boat. LOL.