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Marine
Financing Guidelines
What
to expect:
The Anchor Finance
staff sincerely hopes that this summary will provide you with the necessary information to ensure that the process of obtaining boat financing
becomes a positive and hassle-free experience for everyone involved. We have outlined
a brief overview of the process, so you will know exactly what to expect.
How
to apply:
Please complete the Application, Personal
Financial Statement, and provide the appropriate information as listed below. The processing of your request
will move faster if we receive all the necessary information with the application. If we
are missing any information, a Loan Officer will contact you personally to follow up.
| Loans
under $25,000: |
Current Paystub |
|
Copy of W-2 (if paystub not available) |
|
Copy of Sales Agreement and/or Survey (if available) |
| Loans
over $25,000: |
|
Current Paystub |
|
Two years Federal 1040's with Schedules A,B,C,D,E & W-2 |
|
Personal Financial Statement |
|
Copy of Sales Agreement and/or Survey (if available) |
| Self-employed/Owner
of own company: |
|
Two years Federal 1040's with Schedules A,B,C,D,E & W-2 |
|
Two years CORPORATE TAX RETURNS (through Page 4 - Balance Sheet) |
|
Personal Financial Statement |
|
Copy of Sales Agreement and/or Survey (if available) |
When
you will have answers:
Once we have all the necessary information to submit your application,
we normally have decisions from our lenders within 24-48 hours. You will
be notified via a personal telephone call the status of your application,
followed up by written correspondence. The conditions of your approval
will be explained completely (i.e., signatures required, survey,
U.S. Coast Guard Documentation and/or State Title, insurance requirements,
etc.). It is, of course, up to the customer to decide if the approval
is acceptable, and if you wish to proceed.
Where
do you go from here:
We will work with you, the seller and the Dealer/Broker to schedule a
mutually satisfactory settlement date. This date is based on compliance
with the conditions and/or requirements specified by lender.
Why
choose Anchor?
Anchor Finance has been in the boat financing business since 1985. Our
staff has many years of experience in the marine and finance industry,
and is thoroughly trained in the "Anchor Way" of doing business,
which is professional, courteous, and dedicated to our customers. We offer
Competitive Rates, No-Fee Refinancing, and Flexible
Financing Options. We have an in-house Documentation and Title Service
to expedite your documentation and/or titling requirements.
Please contact
us if you have further questions!
Thank you very
much,
The
Anchor Finance Staff
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