Timeshare Lending

[disneydad33]

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.

 

[magicaldisney]

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.

 

[DVC Dude]

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

 

[disneydad33]

I checked on HELOC which is the way to go, but then was able to cash in some stock options instead! Good to go!

 

[MommyBell08]

We are working with Timeshare Lending now and I defiantly have an opinion. Ill update when we are done with this purchase.

 

[Dean]

We are working with Timeshare Lending now and I defiantly have an opinion. Ill update when we are done with this purchase.

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.

 

[jillgunter]

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.