[Harryeod]

Just got off the phone with the CU LO. I asked him if he had experience with boat loans and he said yes and that he was assigned to yesterday to this loan because of his knowledge of boat loans.

He told me that they received the survey and now they need the title. When they receive the title with the CU as the lien holder they will reduce the interest rate to the preapproval amount. Until then, they are treating the loan as an unsecured loan with the interest rate to match.

Since I'm currently working in Guam things are going a little slow but the title company should be done pretty soon.

John, SD, xort and the others, thank you for your recommendations and I will post the outcome as soon as the CU receives the title.

PS. The survey helped, asking for a loan officer that knew boats helped and keeping talking to them helped.