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Beacon Boat Financing: Refinancing FAQs: I have attemtpted to refinance my Sea Ra

Refinancing


Q: I have attemtpted to refinance my Sea Ray boat loan several times and I am told that I do not have enough equity to refinance. I have perfect credit and pay my boat loan on time. Is there anything Beacon Marine Credit can do to help me refiance my boat loan to a lower rate? Sam Orange County, CA
A: Sam, you raise a very good question. Many times consumers will find themselves upside down in their boat loan due to low down payments and extened term financing. While we have a boat loan product that will allow for 100 percent refinancing, in some cases you may have to pay down a portion of the the balance or take a much shorter term to improve your equity position. Please contact us for a free rate quote and boat loan refinance evaluation.
 

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