Home   |  Message Board   |  Information   |  Classifieds   |  Features   |  Video  |  Boat Reviews  |  Boat DIY
Home equity line of credit for boat - Page 2 - Walleye Message Central
Walleye Message Central

Go Back   Walleye Message Central > Boat Insurance and Financing (Sponsored Forums) > Boat Loans / Extended Warranties 101


Thread Tools Display Modes
Old 08-20-2016, 03:17 AM
egladding egladding is offline
Join Date: Jun 2012
Location: Massena NY
Posts: 716

I just took out a HELOC on my house for $40k. I used it to finish my basement and build a 40x32 garage. The monthly payments (interest only) are cheap at around $200. I plan on having it paid off in 4 years by using my tax returns and an additional 3k/year. I am not sure I would use it to buy toys unless the deal was too good to pass up. I will however keep it open when it is paid off because my son will be starting college in 6 years so if he needs help with anything the money will be there for emergencies.
Reply With Quote
Sponsored Links

Thread Tools
Display Modes

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

All times are GMT -6. The time now is 04:33 AM.

Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.