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Old 05-20-2023, 08:52 PM   #7
Don L
Senior Member
City: Jacksonville
Join Date: Mar 2023
Posts: 353
Originally Posted by Action View Post
Other solution would be to get a loan not secured to the boat. Taking the factors of the boat out of the equation.
Line of credit secured to Real Estate
Cash out loan on a F&C primary residence.
Unsecured loan
Cash out of some other asset
Got no restate. Have more than enough in 401k/IRAs etc. But taking money out of them acturally works out to 20%+ loss/tax so a personal/boat loan is a better deal.
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