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BaseballPCHiker posted:Just looking at my savings and boat prices has got me pissed off again. This has got to be a slam dunk loan and yet no bank will even consider it! I could put close to 50% down at this point. The boat would be way more comfortable and roomy then this new place too. This has got me discouraged again. Equally BS is that when you read a lot of these houseboat blogs they all got loans during the crazy irresponsible banking years when they were loaning out money to anybody and those lucky and brave few have come out way ahead. I make a decent living, even if the whole boat sunk I could repay it fairly quickly. Sounds like banks have higher standards for age and condition than you do when it comes to marine loans. I sometimes write boat loans and the age cap is 12 years, and we require a marine survey if it is older than a couple years and a large amount. That is for boats that often don't have their hull in the water all year round. Find a less lovely boat to buy and maybe you will have better luck. I am also guessing that most houseboat lenders are working primarily with dealers.
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Apr 1, 2016 16:30
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ohgodwhat posted:Lol at the idea you could pay it off quickly if it sank but can't pay for it now without a loan. If it sank with him on it his life insurance could pay for it!
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Apr 1, 2016 16:53
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If he's sailing somewhere and he's conducting his business from the boat, it'll pay off triple!
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Apr 1, 2016 17:38
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Why does this thread keep getting dredged up to the top?
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Apr 1, 2016 17:53
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Hey OP, I'm thinking you need to give this a watch again https://www.youtube.com/watch?v=9nW5g8tjazg Minus the kinda attractive girl playing with her feces. Replaced with you. Playing with your feces.
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Apr 1, 2016 18:11
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Veskit posted:OP has no concept of a sunk casa
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Apr 1, 2016 19:12
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loving loolll
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Apr 1, 2016 19:14
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Pryor on Fire posted:Why does this thread keep getting dredged up to the top? Because houseboats want to float?
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Apr 1, 2016 19:35
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NancyPants posted:Because houseboats want to float? Counterpoint: http://www.all-about-houseboats.com/houseboat-sinking-problems-flooded-frozen-and-sunken-house-boat-hull.html
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Apr 1, 2016 19:43
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I too seethe with rage when I think about BIG BANKS and how they keep the common man down by refusing to give out 10% interest loans for floating homes. Wake up sheeple!
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Apr 2, 2016 04:02
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BaseballPCHiker posted:Just looking at my savings and boat prices has got me pissed off again. This has got to be a slam dunk loan and yet no bank will even consider it! I could put close to 50% down at this point.
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Apr 2, 2016 07:06
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You would have figured by now, he would have at least once accidentally gotten a mailer for like a 35k personal loan and just gotten this all done.
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Apr 2, 2016 14:54
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That's been suggested, he refuses to pay the interest associated with such a loan.
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Apr 2, 2016 15:35
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Hmm, last I checked prosper was the princely sum of 5%? That is lower then any boat loan. They charge you extra for the loan to be secured by a boat because of the disposal costs.
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Apr 2, 2016 16:39
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i love this thread
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Apr 4, 2016 13:22
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Elephanthead posted:Hmm, last I checked prosper was the princely sum of 5%? That is lower then any boat loan. They charge you extra for the loan to be secured by a boat because of the disposal costs. a houseboat has negative value as collateral for a loan splendid
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Apr 4, 2016 13:48
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Prosper loans start at 5.99%, but I'll bet that's for like a $1000-$3000 loan if you have good credit. I doubt there's anywhere that actually gives 5% loans on $35k unsecured loans.
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Apr 4, 2016 14:11
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I've been looking into it some more and apparently some places treat a boat loan like an RV or ATV loan. Which means yes slightly higher APR but usually for a way longer term that I could pay off super early, and less annoying paperwork since it wouldnt be like a home loan. I just list it as a recreational vehicle and then sleep soundly atop a boat home of savings.
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Apr 4, 2016 14:43
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I have learned literally nothing from stubbornly engaging in paperwork with duplicitous intent. posts from detestable slum apartment
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Apr 4, 2016 17:39
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BaseballPCHiker posted:I've been looking into it some more and apparently some places treat a boat loan like an RV or ATV loan. Which means yes slightly higher APR but usually for a way longer term that I could pay off super early, and less annoying paperwork since it wouldnt be like a home loan. I just list it as a recreational vehicle and then sleep soundly atop a boat home of savings. The dream lives
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Apr 4, 2016 20:54
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BaseballPCHiker posted:I've been looking into it some more and apparently some places treat a boat loan like an RV or ATV loan. Which means yes slightly higher APR but usually for a way longer term that I could pay off super early, and less annoying paperwork since it wouldnt be like a home loan. I just list it as a recreational vehicle and then sleep soundly atop a boat home of savings. yessssssss
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Apr 4, 2016 23:21
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BaseballPCHiker posted:I've been looking into it some more and apparently some places treat a boat loan like an RV or ATV loan. Which means yes slightly higher APR but usually for a way longer term that I could pay off super early, and less annoying paperwork since it wouldnt be like a home loan. I just list it as a recreational vehicle and then sleep soundly atop a boat home of savings. I am the ghost of insurance past, present and future. Yoooooouuuuu aaaaaaaarrreeee an idioooooooooooot 
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Apr 4, 2016 23:54
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BaseballPCHiker posted:I just list it as a recreational vehicle and then sleep soundly atop a boat home of savings. Well, I'll have certainly gotten enough entertainment out of your boat for me to list it as recreational.
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Apr 5, 2016 01:46
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BaseballPCHiker posted:I've been looking into it some more and apparently some places treat a boat loan like an RV or ATV loan. Which means yes slightly higher APR but usually for a way longer term that I could pay off super early, and less annoying paperwork since it wouldnt be like a home loan. I just list it as a recreational vehicle and then sleep soundly atop a boat home of savings. Or better yet buy two and rent one out. It'll pay for itself!
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Apr 5, 2016 06:14
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Prosper will loan you (If you have similar income and credit score as me) 35k at 5.99%. There are at least 3 other peer to peer sites that will do the same. That is 100k for your boat home trailer park investment. Do it. Why do you not want to become the Donald Trump of house boats? You can import a wife from Canada.
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Apr 5, 2016 10:50
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Elephanthead posted:Prosper will loan you (If you have similar income and credit score as me) 35k at 5.99%. There are at least 3 other peer to peer sites that will do the same. That is 100k for your boat home trailer park investment. Do it. Why do you not want to become the Donald Trump of house boats? You can import a wife from Canada. If what you are saying is true about prosper this could be a game changer. Do you have to list what you want the money for or could I get that rate on a personal loan. If I got one for 35K I could get a hell of a boat and put in some major improvements. Just as the weather starts to turn. Ooooohhhhhhh mannnn this could be the big one.
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Apr 5, 2016 14:53
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BaseballPCHiker posted:If what you are saying is true about prosper this could be a game changer. Do you have to list what you want the money for or could I get that rate on a personal loan. If I got one for 35K I could get a hell of a boat and put in some major improvements. Just as the weather starts to turn. Ooooohhhhhhh mannnn this could be the big one. If you can pull that off, it's even better because in a bankruptcy, the loans aren't secured by the property, so you can presumably keep the boat even in a recourse state.
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Apr 5, 2016 15:25
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BaseballPCHiker posted:If what you are saying is true about prosper this could be a game changer. Do you have to list what you want the money for or could I get that rate on a personal loan. If I got one for 35K I could get a hell of a boat and put in some major improvements. Just as the weather starts to turn. Ooooohhhhhhh mannnn this could be the big one. What's stopping you from just listing something else even if they do want a list It's not like they're gonna swim out to check
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Apr 5, 2016 15:41
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BaseballPCHiker posted:If I got one for 35K I could get a hell of a boat and put in some major improvements... Two words: Groverhaus Boat.
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Apr 5, 2016 16:13
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Krispy Kareem posted:Two words: Das Groverboot
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Apr 5, 2016 16:34
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BaseballPCHiker posted:this could be a game changer. This sentence alone excites me. The possibilities of your future endeavors.
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Apr 5, 2016 18:16
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ChickenOfTomorrow posted:Das Groverboot $35k budget balloons to $35 trillion and it sinks on contact with water.
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Apr 5, 2016 20:56
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Chemlasers must be down to a reasonable price point these days.
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Apr 5, 2016 20:57
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Just get a boatload of credit cards, why is this so hard
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Apr 6, 2016 03:23
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My Rhythmic Crotch posted:Just get a boatload of credit cards, why is this so hard Because one of the main reasons to do this is to save money. If I go and buy a boat with a bunch of credit cards at 20% APR it doesnt make a bit of financial sense. As it stands right now I'm waiting for this Friday to get my credit card reimbursment from work and then I'm going to apply to places like Prosper and see what kind of terms I can get.
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Apr 6, 2016 14:31
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Time to make some waves
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Apr 6, 2016 15:15
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Can you use that 401k tax credit to buy a houseboat, or is it only for land locked items only? that could be another 10k tax free if it's a possibility
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Apr 6, 2016 15:25
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dude its almost spring wheres the house boat
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Apr 6, 2016 15:32
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Why haven't you tried renting? I know you're not big on good ideas, just forget why you haven't tried.
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Apr 6, 2016 15:47
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KYOON GRIFFEY JR posted:dude its almost spring wheres the house boat Ice is off the lakes and everything! We could be pulling up catfish and crappies from your living room, OP! Pleeeease get this poo poo sorted because i want all these smug landlubbers to eat their words!
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Apr 6, 2016 16:05
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