 TITLE: Find the Best RV Loans and Motor Home Loans CONTENT: How to Finance a Recreational Vehicle\n-------------------------------------\n###### Written by: Kristy Welsh\n_Last Updated: October 11, 2017_\nThe cost of gas and the economy have a direct effect on the sales of RVs. Why? Because a recreational vehicle is just that, recreational. And if you don't have the money to pay for expensive gas, you won't want to buy an RV. Even so, sales are still going on, even when the market bottom has dropped out.\nRecreational vehicles \"are at the swing end of discretionary spending because no one needs an RV, and certainly no one needs a new RV,\" said Ron Muhlenkamp, whose Muhlenkamp & Co. fund manages about $1.8 billion including shares of Winnebago, the biggest motor-home maker, and Thor, the maker of Airstream trailers. \nRegardless of your reasons for wanting to buy a motor home, you will probably need to take out a loan to help with your purchase. Even a used motor home can cost as much as $100,000. There are many different motor home loan options out there and in order to choose the best one, you should weigh the advantages and disadvantages of each one very well.\n### What are My Loan Choices?\nPurchasing your very own motor home can be an exciting experience, but this should not stop you from being as careful as possible when choosing from the many available motor home loans today. Just as with selecting a mortgage loan, you should also be very well-informed before making a decision on which motor home loan you want to use. For instance, you should know what the current interest rates are, so you can be sure you are being offered a good deal or not.\n### Motor Home and RV Loans\nIf you want the best deal on a motor home loan, it is recommended that you go to a professional motor home lending company. These companies are likely to know more about motor home loan options than other regular lending companies. It is easy to find these specialized lending companies if you make an online search. The loan programs can probably be explained to you at the RV dealership. Another good source of a loan is a credit union.\n### Home Equity Loans\nAnother way of gathering funds for your motor home is to apply for a home equity loan. With this loan, you will essentially be borrowing money equal to the amount of equity that you have built on your home.\n### The Application Process for Motor Home Loans\nApplying for any type of loan may take some time, especially if you do not take time to do the proper preparations. The best way to speed up the approval of your motor home loan application is to have your loans pre-approved. If this has been taken care of, you will just have to worry about choosing a good deal.\n### In Summary\nSelecting the best loan need not be difficult — all you have to do is make a side-by-side comparison of the interest rates and the APRs of each package. You should keep in mind that the loans with the lowest rates are not always the best choice because these rates might increase as the months go by. On the other hand, some loans may come with higher interest, but these could be fixed rates, which will not change even after many years.\nAs you can see, it is important to consider all factors when making your choice. If you are able to make the right decision, then you can enjoy your new motor home all the more. END