How to get a loan for RV
Looking at all the forums, none are a perfect fit so will ask here, my apologies if not the best sub-forum. Trying to figure out how much I can get in a loan. I need some help with loan basics as ...
Forum Discussion
way2roll wrote:
Sorry for the ramble but here goes:
Debt load - the sum of all the money you currently owe - is used to calculate your income to debt ratio.
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This is certainly good food for thought.
Actually I would be happy with a 20K loan for an RV or even a TT, I could theoretically pull one with a Suburban or such. I have an idea of what I want but also have flexibility since I am not in a strong negotiating position (i.e. buying with cash) and am at the mercy of what they will give me.
If they make it easier to get a new one, then so be it. It's better to be underwater with an RV than with a rental. My range of what I can spend is what a 1 bedroom apartment costs in my area, which is $1500-2000. Since I will pay that much anyway.
I do need to understand the specific steps to take to get a loan, how do I identify a credit union to engage in this process?
