Category: Personal Finance
Would it be more finance savvy to finance a principal home or a yacht?
March 1st, 2009 — 06:32 pm
Tawny Angel asked:
Let say I have an $800K house with no lien, and I am making $100K/yr. salary. I have no debts. I’d to buy a $500K yacht. Would it be financially more savvy to take a first mortgage on the house to pay for the yacht up-front, or to finance the boat by itself with a boat loan? (With the least down-payment?)
yacht america 1851
Let say I have an $800K house with no lien, and I am making $100K/yr. salary. I have no debts. I’d to buy a $500K yacht. Would it be financially more savvy to take a first mortgage on the house to pay for the yacht up-front, or to finance the boat by itself with a boat loan? (With the least down-payment?)
yacht america 1851