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Liveaboard Loans
| Q: |
I plan to live on board my vessel for six months out of the year. Can I set up my loan payments to be automatically deducted from my checking account so I don't have to worry about forwarding my bills?
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| A: |
Yes, this is called the auto debit feature and some lenders will reduce your interest rate if you choose this option. |
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| Q: |
I plan on buying and living on a houseboat. Is a loan possible for a full time liveaboard with automatic deductions from my checking account.
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| A: |
Thomas, yes we offer boat loans to consumers who plan to liveaboard their boats and we also have banks that will allow automatic boat loan payment deductions from your checking account. Please feel free to complete an application on line. |
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| Q: |
I submitted a rate quote form and have tried calling your 888 number and have not reached or heard from anyone.
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| A: |
Nathan,
Please call Jim Desnoyers at 860-235-0853. He will be able to assist you. Thanks |
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| Q: |
Are you still making full time liveaboard loans? If you are what are the loan durations you will consider. Are there any additional costs to a liveaboard loan that are not present in a nonprimary residence loan? Basically, should I keep a small home on land as well as this vessel so this is not my primary residence?
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| A: |
Shannon,
Thank you for your question regarding live-a-board boat loans. Yes we still can make these type of loans and the terms that are offered will depend on several factors, including the year, make and model of the boat you are buying along with your credit score and overall profile. Jim Desnoyers is one of our marine loan specialists and he can help you with any additional questions. You can reach him at 860-235-0853. Additionally, feel free to apply online through our secure marine loan application. Thanks. |
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| Q: |
I am currently looking for a liveaboard loan. I have good credit and a relatively high 100K+ verifiable income. I am looking at trawlers in the 60K-120K range. Do you pre-qualify so that I can figure out what type of boat I can bid on?
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| A: |
Toby,
Thank you for your interest in a liveaboard boat loan. We can certainly pre-qualify you for a maximum loan amount so that you hav an idea of what your purchasing power is. Please complete a secure boat loan application on line at our web site. |
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