Financing Resale Contracts question

[FSUSammy]

Wasn't sure how to search this up in this group. I currently have a contract that I'm financing with Monera. I believe I have 4 more years on it and then it'll be paid off. We are wanting to get a new contract with another resort to have 2 options to choose from and I was wondering if there was a way to somewhat refinance the remainder of what we have left with this first contract and roll it into the financing we'd want for a new contract.

Has anyone done anything like this before?

 

[stwaldman]

Wasn't sure how to search this up in this group. I currently have a contract that I'm financing with Monera. I believe I have 4 more years on it and then it'll be paid off. We are wanting to get a new contract with another resort to have 2 options to choose from and I was wondering if there was a way to somewhat refinance the remainder of what we have left with this first contract and roll it into the financing we'd want for a new contract.

Has anyone done anything like this before?

I haven't done it, but I expect monera would hesitate at this, because my understanding is they (and several of the other timeshare financiers) use the deeded real estate as collateral against the loan, and as such wouldn't be hesitant (or plainly unable) to unwind the first and then combine the two contracts. That said, $ is $, and smart people tend to be able to figure these things out.

A route that may work better would be to do a lightstream or similar bank/personal loan for the second contract, and finance for the amount needed for both so you can close out the first separately.