If you're a part of a credit union, contact them to find out if
they do boat loans.
Not exact matches
Some creditors, including many that are accessible online,
do offer 30 - year
boat loan terms, similar to conventional 30 - year home
loans.
Do a quick online search for «
boat loans» and you will find many, many options for getting a
boat loan.
The
loan calculator has a simple functions panel, where you key the data and it robotically
does your
boat finance calculations.
Even though the state
does not require
boat insurance, if you took out a
loan to purchase your
boat, your lender may demand you carry insurance on it.
Its funny I came across this thread, I'm actually in a very similar
boat, where I had
loaned 200k to a developer (brother) by getting a HELOC on one of my rentals and getting a 80k profit after 2 years, so in 2 years, I might
do just what @Dustin Beam posted, or get a 30 + unit apartment for some cash flow, BRRR and buy another.
Some borrowers believe that they missed the
boat on
loan repayment because they didn't
do it in the early years of their mortgage when the regular payment went largely to interest, rather than later, when most of it goes to principal.