Financing after the purchase

[pwrfshn]

I recently purchased a 2012 z520 (well, still waiting, but have it paid for).

Borrowed against the HELOC and a personal loan so I could order it ASAP.

The boat will be paid for, but I would like to borrow to pay back the HELOC and personal loan. What is the process for this? Our local Credit Union who we have done several loans with is at 5.75% up to 6 years and 5.99% for 7 years.

We intend to pay back the Heloc with all of the money and would agree to have the check made out directly to Chase for the HELOC payoff. That 4% HELOC sounds good now, but it could get ugly fast.

Credit scores for my wife and I are in the low to mid 700s and not sure about our debt to income, but they are below the levels I have heard they look at...even with the HELOC.

Thanks in advance,

[reclending.com]

Those rates you mentioned sound fine, the terms are a bit hard to swallow for some. Depending on your borrow amount, some lenders we work with would probably have longer terms available. You can always pay extra or in lumps if you want. Most lenders do not like to do re-fi's and having your name on any title would show you already own the boat. The other thing is if titled, now it's used and the loan amount would fall under a different set of guidelines (NADA VALUE). These things can be done and having good credit does help. With a new loan, any old lien would need to be satisfied if there is a title or UCC in place. My cell is 517-930-2721 if you have any more questions.
Thanks,
Ken