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Financing
your Boat with Us
There
are many, many ways to finance a boat, as in any loan, key
items to you need to be aware of are the money you need to
contribute, interest rates, terms, and the small print.
This is also a
good time for your annual credit report checkup. Most times,
we will require proof of income, and credit information. If
you want to know what your monthly payment will be and have
it stay that way, we'll find you a fixed rate loan.
Determine how long
you want to be pay for the boat, the longer the length of
the note, the longer it will take you to acquire equity, which
is the part you own. This can get complicated depending your
cash situation, your income and how long you usually stay
enamored with a particular boat. The "term" of the
loan usually ranges between 5 to 25 years for most boats.
The amount of down
payment can depends on several factors including; credit score,
income, debt to income ratio, how much you are financing,
the age of the boat, what you plan to do with it, if it is
registered with the state in which is home ported or Federally
documented (which a lot of lenders are now requiring) and
where you are going to be taking it, and can be as low as
10%.
To get pre-qualified,
please phone us at 877-424-8886 today!
Inquire
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