boatman37
Well-Known Member
- Jun 6, 2015
- 4,256
- Boat Info
- 2006 Crownline 250CR. 5.7 Merc BIII
Previous: 1986 Sea Ray 250 Sundancer. 260 Merc Alpha 1 Gen 1
- Engines
- 5.7 Merc BIII
So we have have been discussing upgrading to a newer/bigger boat. Probably looking at about 2003ish boats and will be financing. We are very early in the process and will be selling ours first. Without knowing how long it will take to sell ours what would be the typical process? Get pre-approved first? It might be 6 months or longer before we are ready. My only concern is getting approved. We have great credit (around 750-760) and very good income but have quite a bit out in student loans. The kids are making the payments on those but they are in my name so will show up on a credit report. So with those I'm concerned about getting approved. I would hate to sell ours only to find we can't get approved then are stuck with no boat.
Getting pre-approved isn't a concern and would alleviate any fears but don't want to have to go through the process again if it takes till next year before we are ready to buy and have our credit dinged for multiple pre-approvals?
Advice?
Thanks!
Getting pre-approved isn't a concern and would alleviate any fears but don't want to have to go through the process again if it takes till next year before we are ready to buy and have our credit dinged for multiple pre-approvals?
Advice?
Thanks!