According to Bob Allen, who manages Trident Funding in Fort Lauderdale, Florida, the simple facts are these: "If you plan to borrow less than $100,000, expect to get it for 10 or 15 years instead of 20. And the less money you want, the higher the interest rate you'll pay." Allen confides that borrowing more than $100,000 garners you both the best rates and best terms. "Other considerations," Allen continues, "include pretty much an across-the-board requirement for a 20 percent down payment. Don't expect any 10 to 15 percent-down deals anymore. Plus, most lenders now require a marine survey on used boats more than two years old." Allen says that some things haven't changed, however. For example, lenders regularly include the sales tax in the total loan amount, then provide 80 percent of that total. And of course, everyone demands proof of insurance at the closing. At press time, rates ranged from 6.99 to 7.25 percent. "Interestingly, rates didn't go down when the prime went down in the fall," says Allen, noting how many consumers were "miffed" at that fact.