Wake 101
Home   Articles   Pics/Video   Gear   Wake 101   Events   Community   Forums   Classifieds   Contests   Shop   Search
WakeWorld Home
Email Password
Go Back   WakeWorld > >> Boats, Accessories & Tow Vehicles Archive > Archive through May 29, 2009

Thread Tools Display Modes
Old     (houdini)      Join Date: Aug 2005       05-26-2009, 2:39 PM Reply   
I have been paying on a loan for a little over 2 years. It was a $50k, 15 year, 7% new boat loan. Anyone in the banking industry that knows if you can refi a loan like this at a better rate? I am going to contact the bank it's with now, but wondered what you have heard out there. I am in Cincinnati, Ohio if that matters.
Old     (ian_ashton)      Join Date: Jul 2008       05-26-2009, 2:56 PM Reply   
I doubt that in this market you'll find a rate better than 7%, sadly. I know that the bank I work for has boat/rv/motorcycle rates in the 10% range, and the credit union I financed my boat with last year is about the same.
Old     (05mobiuslsv)      Join Date: Apr 2006       05-26-2009, 3:05 PM Reply   
I just got 6.74% through my local credit union. I'd call around to the credit unions in your area and see what they can do.
Old     (west)      Join Date: Apr 2002       05-26-2009, 6:00 PM Reply   
mike, if you dont mind me asking what are your payments?
Old     (houdini)      Join Date: Aug 2005       05-26-2009, 7:04 PM Reply   
Old     (wake1823)      Join Date: Dec 2005       05-27-2009, 1:19 PM Reply   
Mike, if you cna find a better rate, NADA is what the re-fi bank will go by ( and only give you 85-90% of it) you'll have to come out of pocket $$$$ , in order to re-fi. Bottom line prolly wont; be worth it.

Even goign to 6% your not sving that much money...just pay additional principal.


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

All times are GMT -7. The time now is 5:41 PM.

Home   Articles   Pics/Video   Gear   Wake 101   Events   Community   Forums   Classifieds   Contests   Shop   Search
Wake World Home


© 2016 eWake, Inc.    
Advertise    |    Contact    |    Terms of Use    |    Privacy Policy    |    Report Abuse    |    Conduct    |    About Us