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Old 25-06-2015, 15:52   #16
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Join Date: Dec 2010
Location: Florida Keys, Bahamas Bound
Boat: 38' French Cat
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Re: Newbie- 2002 Seawind 1000 VS. 1998 Fountaine Pajot Tobago

I haven't had a lender dictate sailing boundaries, an insurance co sure will though. A regular lender wont lend until every survey item The officer thinks needs addressing is addressed. We had one 4 or 5 years ago, said the gel coat needing buffing etc( they had no idea about boats) This can be tough as not all sellers will allow work to be done unless you own it etc. With a home line a credit loan there's so fewer issues and red tape to deal with. Also many lenders say NO to live aboards and people that are leaving the country anytime soon

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