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  1. #1
    Member
    Join Date
    Jun 2014
    Location
    Okeechobee Florida
    Posts
    177

    Step one done! Now for a loan.

    Move to Okeechobee and F195 just a little closer. Sold house in 2 days! Will be ordering my Falcon within a week. Having trouble deciding on colors. Going to ask dealer (right across the street from factory) if he can set up a tour so I can get a look at some color combos they are manufacturing. It always looks different than is does on paper. Anyone have any ideas of what the current loan rates look like. If it helps we have very little debt and credit scores of 830 and 799. Know I can not get a real number just wondering what some of you got recently.
    HMC USN RET
    2022 Falcon F195/Merc 200 and all the goodies I could get on it.

  2. Member KHNC's Avatar
    Join Date
    May 2016
    Location
    Hendersonville NC
    Posts
    865
    #2
    Check with Suntrust bank. They have a Lightstream program. With your credit score , it would be an unsecured loan.

    https://www.lightstream.com/
    2022 Blazer 675 Ultimate
    2022 Merc 300 Pro XS
    2017 YZ250F
    Kenny Hollingsworth<<<<<<<<<MY NAME!
    828 674 6752
    Hendersonville NC<<<<MY LOCATION!!

  3. Member
    Join Date
    Sep 2017
    Location
    Clyde, Ohio
    Posts
    316
    #3
    Can you get a home equity line? If so I would do that 100%.....with those rates being so low right now definitely ideal. Should be able to get it in the 3's.....any other boat loan is minimum around 5.99%. Good luck
    2019 Falcon 215 Yamaha Sho 250, Lithiums, X2, Poles, Ultrex, Birds, Mega 360 & Livescope.

    Previous-2017 Falcon 205 Evinrude G2 250HO, Lithiums, Poles, Ultrex, Birds and 360.

  4. Falcon F185
    Join Date
    Feb 2010
    Location
    Evans, GA
    Posts
    1,356
    #4
    I have a very similar credit situation and the bank Wilson Marine uses came in at a 4.99% for me about a month ago. I've also used Rec Lending twice in the past and they were nothing but great.

  5. Member
    Join Date
    Jun 2014
    Location
    Okeechobee Florida
    Posts
    177
    #5
    Did paperwork today. They have already hit my credit report so should see if I can get the rates I want soon. Wanted a 205 or 215 but did not want to spend so much. Stayed with the F19
    HMC USN RET
    2022 Falcon F195/Merc 200 and all the goodies I could get on it.

  6. Member
    Join Date
    May 2021
    Location
    New York
    Posts
    268
    #6
    I had a good experience with the noeltichy loans in the past. The rates where good too. Can't say how is that now, cause it was probably 4 years ago. I needed a quick payday loan and that worked very fast with them.
    Last edited by RockOn; 07-30-2021 at 08:59 PM.

  7. Member
    Join Date
    Jun 2014
    Location
    Okeechobee Florida
    Posts
    177
    #7
    Thanks for the replies guys. I did get financing at 4.9%. Put down approximately 2/3 of cost. think I got a pretty good rate
    HMC USN RET
    2022 Falcon F195/Merc 200 and all the goodies I could get on it.

  8. Member
    Join Date
    Sep 2017
    Location
    Clyde, Ohio
    Posts
    316
    #8
    I called a couple local banks for mine.....all of them wanted between 4.99-5.99% rate......talked to one bank and decided to do a locked home equity line at only 3.99%.......was definitely the way to go! Now when I sell dont need to worry about lien's or anything on boat can make it easier!
    2019 Falcon 215 Yamaha Sho 250, Lithiums, X2, Poles, Ultrex, Birds, Mega 360 & Livescope.

    Previous-2017 Falcon 205 Evinrude G2 250HO, Lithiums, Poles, Ultrex, Birds and 360.

  9. Member
    Join Date
    Nov 2021
    Location
    Los Angeles, CA
    Posts
    21
    #9
    My credit score is below 600 and I got rejected several times. Is it possible to get a loan with such credit score?

  10. Member
    Join Date
    Nov 2011
    Location
    Cedar Falls, Iowa
    Posts
    9,639
    #10
    Probably not. If you do your interest rate will probably be sky high

  11. Member
    Join Date
    Nov 2021
    Location
    Denver, CO
    Posts
    44
    #11
    You can try to increase your score or get a 4% loan. You can also check out the https://bnlfinance.com/peerform/ website for more options. I believe, there are other way, like connecting with individual and institutional investors, for example.
    Last edited by divelt; 09-23-2022 at 08:41 AM.