Timeshare Lending

Discussion in 'Purchasing DVC' started by disneydad33, Oct 17, 2013.

  1. disneydad33

    disneydad33 Earning My Ears

    Joined:
    Sep 29, 2013
    Messages:
    34
    Anyone have an opinion on using this company/service to finance a resale purchase? Yes I know it's never a good idea to finance any timeshare, but am considering financing for only a 6-9 month period and then paying off. I didn't think financing was possible on resale but then came across this company.
     
  2. Avatar

    DIS Sponsor The Official Ticket Center is Orlando’s #1 discount attraction ticket agency, selling millions of Walt Disney tickets around the world.



    to hide this adverts.
  3. magicaldisney

    magicaldisney DIS Veteran

    Joined:
    Sep 8, 2005
    Messages:
    9,341
    We used them for the same type of thing and they were wonderful and very easy to work with. There is no fee for paying your loan off early. It was nice to get an add on contract that was just what we needed and then we could pay it off when our bonus came months later.
     
  4. DVC Dude

    DVC Dude Disney World Rocks!

    Joined:
    Oct 5, 2006
    Messages:
    763
    I would suggest getting a HELOC or very low interest 2-3% short term loan from a credit card company before taking a 9-14% loan from a timeshare company
     
  5. disneydad33

    disneydad33 Earning My Ears

    Joined:
    Sep 29, 2013
    Messages:
    34
    I checked on HELOC which is the way to go, but then was able to cash in some stock options instead! Good to go!
     
  6. MommyBell08

    MommyBell08 DIS Veteran

    Joined:
    Feb 23, 2010
    Messages:
    897
    We are working with Timeshare Lending now and I defiantly have an opinion. Ill update when we are done with this purchase. :thumbsup2
     
  7. Dean

    Dean DIS Veteran<br><a href="http://www.wdwinfo.com/dis

    Joined:
    Aug 19, 1999
    Messages:
    32,115
    If you could post your total fees that would be helpful, from what I've seen secondarily, they are very high in addition to the interest rate.
     
  8. jillgunter

    jillgunter Mouseketeer

    Joined:
    Oct 26, 2009
    Messages:
    386
    We did a line of credit on our house at 1.99% that we will pay off in February. So if you only need something short term, that is a good option if you have equity in your home.
     

Share This Page