Submitted by Longjumping-End-3892 t3_z7wws4 in personalfinance
Longjumping-End-3892 OP t1_iy94k9p wrote
Reply to comment by jcinaustin in RV Financing - current interest rates by Longjumping-End-3892
Well, honestly, that’s why I am asking. But most people seem more keen on patronizing instead of giving an answer.
Interest rates are high right now. Known fact. I didn’t want to waste a hard pull to find out HOW high they are on RV loans for people with similar credit standing. Last year my mortgage got financed on 3.25 with exactly the same credit score and debt.
Now with the Fed hike, I was anticipating something like 10%-12% for RV loan. All in all, I won’t be paying on the loan more than a year or so. But I am also not getting a loan with some crazy 20% interest.
try_cannibalism t1_iy9jzqt wrote
If you own your home you should just get a HELOC and buy it with that
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