20 year loan for RV?
A friend of mine was telling me that I can get a 20 year loan on most new RVs. Is this true? Now I realize how people afford those Class A RVs.
Forum Discussion
cougar28 wrote:Ivylog wrote:
I wouldn’t even get a 20 year loan on a home that hopefully, will increase in value.
So if that was the only way of owning a home I guess you would just rent and lose money that way or just live under a tree or maybe with parents supporting till you save up the money? Not everyone is born with a silver spoon!
I apologize in advance as it’s probably not a good time to take on a older person who is limiting his outside exposure.
I’ve only rented while in the service. I then bought for cash a used single wide MH which I added to making it a double wide with polyester curtains. 10 years and 3 children later we moved into a paid for new home... much of which I built myself over 2 years while running my own business.
Do the math on the difference in a 30 and 15 year loan. If you can’t swing the higher payments of a 15, buy a less expensive home and then pay 1 extra payment/year and turn it into a 12 year loan.
