Quote:
Originally Posted by Tsteinruck
Clearly the market has changed since this thread was started. With boat slips pushing $200K who is financing these things? I bought mine last season with MVSB, but looking for better terms. BoNH is the only other bank I know of that finances boat slips, and they have a $50K max. Are there any other lenders?
|
Definitely the wrong time to be searching if you are expecting better terms. Rates have gone up, so unless your deal was pretty bad I can't imagine you will see something better.
Do you own a home and have access to home equity? A HELOC will be a better rate and more flexible. With recent tax law changes and limits I am not sure how much of the interest, if any, would still be tax deductible.