I'm looking for a lender in the US that does financing
for boats, and allows for living aboard
I've been making some calls, and I've hit a few walls, i.e. won't finance if it will be your primary residence, or, (this one will make you laugh), they will do $350,000+ if it is a monohull
, but it must be under $100,000 if it is a multihull
We are looking at catamaran's, 2010 or newer, 40-45' range. And price
wise, we want to keep it under $450,000.
Before I get flamed by the "anti-finance" people, I've done my research
, and ran the numbers, and with the tax deductions for it being my primary residence, and the low interest rates on boat loans, it is financially advantageous to keep our money
in investments where they are getting a higher rate of return.
That being said, has anyone financed, and can you recommend a lender?