One does not finance toys. Buy toys you can afford to pay cash for.
I’m with Pal on this.
The idea of borrowing 30K against my house to buy a boat doesn’t sound like a good idea to me.
Boats are high depreciation, high maintenance items.
The used market is full of boats similar to what you want, only 5+ years old and in almost new condition.
Make a plan and start saving. When you have 10K stashed, start watching Craigs list.
When you find the nearly perfect boat and the asking price is 15K, politely offer 10.
You may needs to do this several times but sooner or later you will buy a boat for 10K with no loan.
Solid advice !!
