The home equity is a good way to go if you don't mind using up your equity. At least you can write off the interest you pay on the boat. I work for a bank, and we compete with credit unions all the time. Their rates are no different than ours, and most of the time, they charge a higher fee. ALso, remember if you buy a boat with a built in toilet, you can count it as a vacation home(at least in KS), write off the interest, taxes, and spread it over 15 to 30 years.
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