Refinance your boat and take
advantage of lower payments

Refinancing replaces your current boat loan with a new one under better terms — e.g. lower interest, longer term, or better monthly payment. It makes sense when market rates are lower than your current rate or you need payment relief.

You apply online, Boatzon matches you with lenders, you review and sign closing documents (typically digitally), Boatzon pays off your old loan, and the new loan and title transfer are handled behind the scenes.

You qualify based on credit score, debt-to-income ratio, payment history, and boat status (recreational use, title status). Some programs may exclude full-time liveaboard boats.

Yes — offers, minimum loan amounts, rates, and qualifying scores depend on your state. Some states require higher minimums; others have special conditions or programs.

Boatzon first does a soft pre-qualification to match you with lenders. Only when you move forward with a lender is there a hard credit inquiry.

It varies, but in good cases it may close in as little as 48 hours after approval and document signing, depending on title and state processing.

Closing costs and fees vary by lender and loan program; some programs allow rolling costs into the new loan, while others require upfront payment. Always ask for a full cost estimate.

Usually you’ll need proof of identity, current loan payoff statement, boat details (VIN/HIN), title info, and potentially income documentation if requested by lender.

Yes — Boatzon works with lenders offering options for non-prime credit. Terms may be less favorable (higher rates or fees), so it’s best to review all offers.