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Old 02-01-2016, 07:35 PM   #1
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Going interest rates?

Looking at new motor coach. FICO is around 830. What kind of rate should I be getting on 20 year loan? Anyone with current experience care to comment? Looking to borrow about $500K.

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Old 02-01-2016, 07:37 PM   #2
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Well, we're GETTING 5% on our $500,000 annuity. But I suspect you'll be paying 3 to 4% to borrow as your credit rating is about what ours is too.

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Old 02-02-2016, 08:29 AM   #3
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If you own and can claim a conventional home as your primary residence you should be paying something below 4%. If full time add a point to that, assuming you have assets or income enough to support the loan.

Be forewarned, unless you're getting the loan from a bank or banker with whom you have a long history, "personal banking" is a thing of the past. In other words, YOU don't come into the picture, it's all about the numbers. A computer program makes the ultimate decision, the eyes and brain reading the computer screen have no authority to deviate. As example, I applied at two banks. One bank said my "income was insufficient" (based on the tax returns they needed to consider the loan). Charts and formulas commonly referred to when determining a "safe" retirement income, based on your IRA (I had sent them a screen print of our account balances) or other assets, show we're taking approximately 1/3 of what we could. I told the bank taking only what we need. Might as well been talking to a wall.
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Old 02-02-2016, 08:51 AM   #4
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I used Good sam as a bargaining rate...

and all of a sudden the finance company could beat their 3.99 %

Can you join a credit union ?
If you really are sad and think nobody cares, just try missing a few payments ! '11 Monaco Diplomat 43DFT RR10R pushed by a Demco Excali-Bar II hitch which is pushed by a '14 Jeep Wrangler Unlimited Sport.
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Old 02-09-2016, 08:23 AM   #5
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USAA.com, if you're eligible to use it. I'm pretty sure they have 3.75 or 4.00%
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Old 02-11-2016, 07:41 AM   #6
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Going interest rates?

I'm 24 when I bought my New TT I got denied I have great credit (765) and they said it's not established enough that an rv is luxury item and that they are more difficult to repo. I said sir if anything happen and they came for it ud never find it anyways. lol horrible sales manager I walked and found another TT I knew what I wanted to pay for it. I got my own loan no problem though a credit union (10 years at 3.75 percent) I went back to the dealer put the check on the counter and we made a deal. One off the smoothest transactions I've ever made.. That was 2 years ago and my TT has never been back to the dealer.. Other then small little issues I took care of
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Old 02-26-2016, 11:55 PM   #7
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The finance company actually called us and asked us what rates we wanted. We told him 3.9, and after shopping around we found this was about average with good credit.

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