[HOT H2O]

Just talked to my bank....Getting a "HomeEquity Line" at 3.5%....plus its tax ded (2nd home) if youv'e got a galley and potty.........so "new to me" boat here I come...I'm gonna lock the rate......and find a deal on a boat..........and its 15 year amort...once I take the $$$$

 

[HOT H2O]

Yea ...they fix the rate when you tell them youve maxed your borrowing....so if I buy a 30K boat and spend 5k on tricks for the boat...I can then tell then I am done borrowing and they put it on a 15 year amort.......I still have whatevers left on the equity line to borrow but it would be on a new "loan".....