Your vessel is a huge investment. Most boat owners choose to mortgage their boat to afford the cost. When you go to a bank to request money to purchase a luxury vessel, the lender will take out a type of mortgage. In that case, you need to fill out a preferred ship mortgage form. Understanding…
When you decide to be a member of the boating community, it is really important to make sure that you understand all of the relevant terminology that you are likely to come across in the course of your vessel ownership. This is especially the case when it comes to the financial side of things, and…
Are you planning to purchase a boat? If you are, then you may need to secure financing. That is if you do not have the full amount in cash. Financing lets you spread out the cost of the boat over some time through regular loan payments. It enables you to acquire the boat that you…