Funding availability is a crucial factor to consider when shopping for a new or used watercraft. You can rest easy knowing you’re making the best choice for your financial circumstances with boat funding choices like Preferred Ship Mortgage, which offer more freedom than conventional bank loans and much more attractive rates than you’d discover on…
Funding availability is a crucial factor to consider when shopping for a new or used watercraft. You can rest easy knowing you’re making the best choice for your financial circumstances with boat funding choices like Preferred Ship Mortgage, which offer more freedom than conventional bank loans and much more attractive rates than you’d discover on…
Finding the capital to fund your purchase of a yacht or vessel will often mean taking out a loan from your bank or credit agencies. Finding this type of financing often means making use of a preferred ship mortgage. This type of mortgage is unique to maritime lenders, and the lien which is placed on…
The “Preferred Ship Mortgage” is one of the ways that you can go about securing boat loans. Typically, this particular kind of mortgage is for vessels that are over 26 feet in length. For boats that are smaller than that, the title and a notation of the security interest recorded on the title should be…
Are you a boat owner looking for an effective and reliable way to secure the ownership of your vessel? If so, you may want to consider obtaining a First Preferred Ship Mortgage. This is one of the most popular forms of protection in protecting vessel security interests and it can provide substantial financial benefits. You…
When you are buying a boat for the first time, you will see that the process you undertake so that you can get the yacht or large recreational vessel you have always wanted is a lot like what you go through when buying a car or a home. Most people will need to obtain financing…
Have you been looking for a way to get financing on your vessel? Does it seem like getting your vessel documented is something that could benefit you, but you aren’t sure about all of the specifics? If so, you’re in the same position that so many vessel owners have been over the years. You’ve found…
Have you been checking a vessel out but aren’t sure if it’s the right one for you? Does your research tell you that everything is on the “up and up” when it comes to this vessel, but you want to be certain? That makes all the sense in the world. A vessel is an investment,…
The Preferred Ship Mortgage provides a lender or financier of a vessel competitive status among competing claims that might arise against a vessel. The U.S. Coast Guard acts principally as a recording agency in regard to mortgages and related instruments. It’s important to learn about it if you happen to finance someone’s ship after he/she…
Do you have an eye on a vessel that you’d like to buy, but you aren’t sure if you’ll be able to afford it? Would you like to get financing for a vessel that you plan on documenting with the Coast Guard? If you’re going to get your vessel documented, you may be eligible for…