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Financing A Bluebird Wanderlodge
02-24-2013, 15:17
Post: #1
Financing A Bluebird Wanderlodge
Some people wonder how they can finance a Bluebird. Some people pay cash. While I am a fan of the cash scenario for recreational items there are several ways you can finance a Bluebird Wanderlodge.

Your local bank is an obvious good start but if that does not work then perhaps a Credit Union would be more receptive. Especially if your a current member.

Then there are private lenders and usually a bank or credit union can provide a referral.

Newer Birds are easier to finance as lenders believe they are more saleable should foreclosure become as issue. Lenders always look for an exit strategy before lending funds.

I have heard of a 1990 Wanderlodge being financed by First financial Bank in Altero Texas recently. So there is a possible source.

If your looking at an older Bird that a lender won't accept as collateral but you just have to have it then it is possible to put a line of credit on another asset such as land or a family home and borrow the money that way using the real estate as collateral. Just make sure you are not over extending yourself.

As a last resort for some people there is always the bank of Mum and Dad. Usually the best terms and the least amount of paperwork!

Gary 82 PT 35 6V92 BC (Sold)
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