Buying a boat is an exciting experience, but it’s also one that requires careful planning. 1. Understand Your Credit You need to check your credit rating before applying for a boat loan. For boat loans, most lenders require at least a 700 score or higher. Fortunately,...

My local bank declined me. now what?Boat loans and RV loans simply aren’t the forte of some lenders. There are different rules and regulations in place that are different from auto loans or mortgage loans, so they might not have all of the correct knowledge and...

Recreational Loans: Expectations vs. RealityConsumers enter the loan process with certain expectations, whether it comes from their experience with other loans or word of mouth. Let's take a closer look at the expectations vs. the realities of the recreational loan...

where do you go to find a boat loan in Georgia?With over 1,800 miles of coastline, beautiful lakes, and sparkling rivers, Georgia has a lot to offer outdoor enthusiasts. On any given weekend, you can see countless boaters out on the calm waters of Lake Allatoona or...

What do lenders evaluate for boat and RV Loans?You’ll always be asked about your credit score, and usually, there’s a target number that some lenders like to see. Though, it’s still possible to obtain a boat or RV loan even without meeting some lenders’ standards....

It’s your dream to travel the country in your spacious RV or have the time of your life out on the water. Unfortunately, if you’re like about 35% of the country, you have a subprime credit score. It may seem like, at least for the time being, you aren’t going to be...

Don't be intimidated by the myths you hear. Upon research, you may have heard a few different things about what recreational financing entails. Many things you read are likely true, but there are plenty of myths that we hear all the time. It’s somewhat frustrating...

Knowing your preferred terms is the best place to startBut many people like to have at least a rough estimate of what their cost will be. Before you begin your quest to find a loan for a boat or RV, it’s important to know what kind of terms you’re looking for. If you...

There seems to be an endless sea of possibilities in regards to how you’re going to purchase your boat or RV.You could go through your local banks or credit unions, but they might not be experienced with recreational loans. They might not be so eager to negotiate...

Great news! You just found that perfect boat or RV!But before financing, there are costs you need to consider. Recreational loans can be more extensive than what you’re used to experiencing. You don't want to be surprised in the end. There are some pretty...

You’re trying to buy a new boat or RV and the loan terms come back with a little higher rate than you are accustomed to. The last time you had a similar rate, you were buying your first car with almost no prior credit history and a small down payment. You might be...

“Can I get a better rate?”Whenever you’re financing a big purchase like a boat or RV, of course you’re going to want the best terms possible. You’re probably accustomed to the rates you received for your auto or mortgage loan. Recreational loans tend to be a little...

When purchasing a boat or RV, you have a couple of different options. You could pay cash, or you could choose to finance. There are advantages to each option, but when you investigate a little further, there may be some advantages to financing your boat or RV that you...

Is Obtaining a Boat or RV Loan Difficult?Adventure is calling your name. The excitement is overwhelming. You’ve finally decided to buy that boat that you’ve always wanted, and now you need a loan. At first glance, getting a recreational loan seems like a complex,...

You may be trying to finance your new boat, or perhaps you’ve done the research and seen that a boat or RV loan can last for as long as...20 years?? And on average, they can be about 12 to 15 years long! You might be saying, “My car loan is nowhere near that long! Why...

You don’t want finding a loan for your boat or RV to be a hassle. That’s why the best way to find the loan that’s right for you is to work with a recreation loan specialist. There are multiple options to choose from, so what makes First Approval Source the best option...