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  2. How to get a used boat loan: 6 steps for a successful ... - AOL

    www.aol.com/finance/used-boat-loan-6-steps...

    Key takeaways. Used boat loans are offered by select banks, credit unions, online lenders and marine lenders. You could incur steeper borrowing costs if you finance an older boat.

  3. How to finance a boat: 5 steps & where to find the best loans

    www.aol.com/finance/everything-know-financing...

    Boat loans are a type of installment loan that is used specifically for the purchase of a vessel. These loans can be secured or unsecured and typically have repayment terms of two to 15 years.

  4. Boat loans for older boats vs. new boats: What you need to know

    www.aol.com/finance/boat-loans-older-boats-vs...

    Like any type of loan, your credit and finances have a major impact on the boat loan terms you qualify for. Financing a used vs. a new boat Whether you're buying new or used, boat loans generally ...

  5. Ship mortgage - Wikipedia

    en.wikipedia.org/wiki/Ship_mortgage

    In a ship mortgage or ship hypothec (civil law term, covering also a maritime lien), a shipowner gives a lender (or mortgagee) a security interest in a ship as collateral for a mortgage loan. Similar to other types of mortgages , a ship mortgage legally consists of three parts: the mortgage loan, the mortgage document (deed) and the rights ...

  6. Loan - Wikipedia

    en.wikipedia.org/wiki/Loan

    In a direct auto loan, a bank lends the money directly to a consumer. In an indirect auto loan, a car dealership (or a connected company) acts as an intermediary between the bank or financial institution and the consumer. Other forms of secured loans include loans against securities – such as shares, mutual funds, bonds, etc.

  7. Bill of sale - Wikipedia

    en.wikipedia.org/wiki/Bill_of_sale

    A bill of sale is a document that transfers ownership of goods from one person to another. It is used in situations where the former owner transfers possession of the goods to a new owner. Bills of sale may be used in a wide variety of transactions: to sell goods, exchange, give, or mortgage objects.

  8. Best Boat Loans of 2022: How to Finance A Boat - AOL

    www.aol.com/finance/best-boat-loans-2022-finance...

    Mortgages and car loans are debt that most borrowers will take on in their lives, as houses and vehicles are commonly owned in modern society. Because boats are a recreational purchase, boat loans ...

  9. Due-on-sale clause - Wikipedia

    en.wikipedia.org/wiki/Due-on-sale_clause

    A due-on-sale clause is a clause in a loan or promissory note that stipulates that the full balance of the loan may be called due (repaid in full) upon sale or transfer of ownership of the property used to secure the note. The lender has the right, but not the obligation, to call the note due in such a circumstance.

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