Whether you are a U.S. Coast Guard boat owner looking for a mortgage, you may wonder if there is a unique program designed just for people in your situation. In any case, there is! Borrowers who meet the requirements for the preferred ship mortgage program offered by the United States Coast Guard are eligible to…
Are you looking into a vessel that you’re interested in, but aren’t sure if you can trust the information you’ve come across? Have you been talking to a motivated seller and want to make sure that what you’re hearing isn’t “too good to be true?” Those are just some of the reasons that vessel owners…
There is a good chance that you are familiar with mortgages for real estate. With the advent of the preferred ship mortgage, ship owners may take out loans against their boats. It’s a common misconception that only current or former navy commanders may qualify for this financing. A preferred ship mortgage is available to any…
Is it possible for you to finance your vessel more cost-effectively? You may wish to apply for a preferred ship mortgage if this is the case. It is possible to profit from cheap interest rates and flexible repayment choices if you get this form of a mortgage. There are specific requirements to be met to…
When you complete the documentation necessary to register your boat with the United States Coast Guard, you may be able to finance the vessel with a preferred ship mortgage. Much like the mortgage on your house, this allows you to make payments on your boat, which can make it a more achievable option for many…