Do you want to secure a boat loan but don’t know how? Has financing your vessel been a bit trickier than you might like? That’s where a Preferred Ship’s Mortgage (and then later, a Satisfaction of Mortgage form) can come in quite handy. With these forms (and others) you can get that loan you need…
Using the Satisfaction and Release Form for Your Vessel
When a mortgage or lien is satisfied on a property you own, you receive documentation that reports the lien has been satisfied. This is a legal document that is important to you for your records. Just like satisfying a mortgage for your home, liens on your personal or commercial boat need to be satisfied as…