Are you looking for a way to finance the vessel you’ve always wanted? Does it seem like it’s not as easy to get a mortgage on your vessel as you would like? Financing is a great way to be able to enjoy the vessel of your dreams without turning your bank account into a nightmare. That said, you want to be able to get the best mortgage possible. Here at our vessel documentation site, we can help. Specifically, we make it easier to apply for a Preferred Ship Mortgage than ever before.
Why So Many Prefer the Preferred Ship Mortgage
As you may have read at our site, the “United States Coast Guard acts principally as a recording agency in regards to mortgages and related instruments.” That’s one reason that this mortgage is so attractive to banks and lenders: the government is involved, and it’s not like they’re going to default, leave the country, and so forth. Since this mortgage was first introduced, it has been one of the most popular ways for vessel owners like yourself to be able to finance their vessels.
What You Need to Apply for This Mortgage
For one, you need to have a valid Certificate of Documentation for your vessel. You can’t get this mortgage without registering your vessels with the Coast Guard. Of course, at our site, we make it simple and quick to do exactly that. That said, there isn’t so much “an exception” as there is a bit of a “loophole.” Specifically, you can apply for this mortgage if you don’t have a valid certificate of documentation but you do have an application for initial, exchange or replacement (certificate of documentation) CG-1258 on file with the powers that be.
We Make it Easier than Ever to Apply for This Mortgage
As you may know if you’ve been doing your research online, there is no set, governmental form for this type of mortgage. So, we created one. At our site, you can find the form that has, quite literally, everything you need to be able to apply for this mortgage. Now, it’s important to note that, while we can offer an expedited way to apply for this mortgage, we can’t tell you one way or the other if it’s the right thing for you to do. When it comes to matters like this, we strongly recommend you seek private legal counsel for additional information.
More Documentation Than Just for Mortgages
Yes, this ship mortgage form may be one of the most commonly used at our site. However, when someone applies for this mortgage through our site, it is rarely the only form that they do so with. Indeed, before many apply for this mortgage, they get their initial documentation through our site, too. Then, you can renew that documentation simply, for up to five years in advance. To see everything that we have to offer vessel owners like you, just head to our site.
