I have a couple boats I'm considering in the Med for about $350k USD. I have been pre-approved, have great credit 800+, have $150k down payment also. However, my loan person who works with several banks, says the boat
has to be brought back to the US within 30 days.
I would like to purchase
say next 2-6 months and leave it on the hard
in the Med. Remain in the US to sell my house, cars, work
for some refit money
($30k??) and then fly back to the Med and depart for years to come.
Looks like maybe the boat has to be purchased in the Med, brought home for registration
, and make the bank happy, then leave for the next 5 years. Once finance is secured, can they force you to keep it in the US, even if insured for world travel?
Any recommended finance companies to check vice the one telling me no right now?