First Pryority Bank.
If you really want to borrow money, try your local credit union. When I was younger and dumber, so was my credit union. They gave me the same rate as they were charging to finance..wait for it...RVs.
I realize that everybody's finances are different, and maybe the only reason some of us even have a loan on our house is to get the (relatively) free interest available these days, but I can't imagine risking my family's 'roof' on a toy (or even a business venture, for that matter). If I were so flush with assets I could use my 2nd or 3rd vacation home as collateral...
I highly recommend LightStream. The interest rate on my unsecured loan is 4.54%. Funded in a day on a holiday weekend.
I realize that everybody's finances are different, and maybe the only reason some of us even have a loan on our house is to get the (relatively) free interest available these days, but I can't imagine risking my family's 'roof' on a toy (or even a business venture, for that matter). If I were so flush with assets I could use my 2nd or 3rd vacation home as collateral...
That is definitely an attractive option but I don't really want the 84 month term.
That is definitely an attractive option but I don't really want the 84 month term.
It's not destruction of the toy, or the home. It's about putting the home in jeopardy if you can't make the note. If one has *liquid* assets to cover the note through a financial setback, then no big deal. But adding the debt load for an expensive toy (or business venture, etc) to a loan secured by a home increases the home's exposure. If one has a major financial setback, will the extra debt load keep one from making the note each month?