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Originally Posted by codeman671
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.
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HELOC might be OK if it is temporary, but many HELOC rates change quarterly and eventually roll over to a fixed rate at whatever is prevailing at the time. Don't be surprised if, in 2014, you see some boats and slips up for auction. On the good side, for some, prices are starting to moderate. As noted above, slips are staying on the market longer. One slip at MVYC had a $20K price reduction, after several weeks on the market. Still for sale.