Marine Mortgage Is an Option for Permanent Dwellings
If you do intend to live on your houseboat all year long, a marine mortgage may be your best bet. Similar to mortgaging a home, a marine mortgage allows buyers to extend payments over a long period of time, usually up to 25 years. Interest rates tend to be about the same as they would for a traditional home, making the option of living on a houseboat a very real possibility.
Boat Loans Facilitate Recreation
If you plan on using your houseboat for recreation purposes, a boat loan may be a better choice. Boat loans tend to have shorter payment periods and often entail higher interest rates. A boat loan will most often include a down payment, which can actually ease the overall financial burden. This can be a great option for those looking for a little fun and adventure, yet not willing to take the plunge into full-time houseboat living.
Whether as a permanent dwelling or just a temporary getaway, owning a luxury houseboat can be a dream come true for many people. Don’t let financial fears hold you back from pursuing life on the water. Contact Bravada Yachts today.
About Bravada Yachts
Bravada Yachts, owned by Compass North Industries, is the leading manufacturer of luxury and custom houseboats for sale in Arizona. Call 602-278-3536 or visit www.bravadayachts.com for details about our houseboats.