Island property prices

[codeman671]

Originally Posted by Descant

Spoke to a rep from People's United Bank. Agreed, it's all portfolio because these loans can't be resold. Could be 20% down. Easiest, and best rate might be a home equity loan instead of a high interest rate mortgage. Boat slips will probably have a fire sale next year, so, be ready.

I am surprised, I use People’s for my commercial banking and last time I checked they didn’t do it. My quote came from Bank of NH.