mike
Member of DD Central
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Post by mike on Nov 2, 2014 9:22:38 GMT
I have holdings for 2000 Traditional Stern Narrowboat 62'
and 2013 Luxury Widebeam Houseboat 57'
both purchased on 15/09 which have been accumulating interest as normal. However I've not received any payments including the latest October installment. Anyone know why this is or having the same thing?
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gb007
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Post by gb007 on Nov 2, 2014 9:34:35 GMT
Some of the original boat loans did not pay monthly interest. Interest is returned in a balloon payment at the end of a boat loan's term.
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mikes1531
Member of DD Central
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Post by mikes1531 on Nov 2, 2014 11:53:59 GMT
Some of the original boat loans did not pay monthly interest. Interest is returned in a balloon payment at the end of a boat loan's term. "Some"?? Do any of the boat loans pay monthly interest?
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kermie
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Post by kermie on Nov 2, 2014 12:03:16 GMT
Some of the original boat loans did not pay monthly interest. Interest is returned in a balloon payment at the end of a boat loan's term. "Some"?? Do any of the boat loans pay monthly interest? The only exceptions I'm aware of are for the superyacht(s) - regular boat loans are repaid with interest at the end.
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mikes1531
Member of DD Central
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Post by mikes1531 on Nov 2, 2014 18:07:44 GMT
"Some"?? Do any of the boat loans pay monthly interest? The only exceptions I'm aware of are for the superyacht(s) - regular boat loans are repaid with interest at the end. Thanks for the reminder. I had forgotten about that one.
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