I am making a second attempt on a boat loan. Looks like I can get a loan on everything minus the freight to get my j70 from Rhode Island to California. This time, around I am using a marine finance company.
J70s are custom boats. Normal banks like to “kick the tires” first before they give you a loan. I am currently working with Seacoast. The mortgage broker actually knows what she is doing. It is pleasant after being lead around for a month by the other bank.
Last time, the application process was basically signed your name, let them do a FICO check. This time, the application was more like refinancing your home. I had to provide a lot of documentation: W2, last 2 years of taxes, copy of bank statements. The banks are not taking chances with me.