Financing a timeshare.

[Steamboat Bill]

We use our brains. Try stocks with at least 2-3% div., combined with 6%+ capital gain, e.g. in the TSX: Russell Metals, Bell Canada, Teck Cominco, Crescent Point Energy, Yamana Gold, etc., etc.

Another smart....er, rich Canadian. Their stock market is kicking our tail.

http://ca.finance.yahoo.com/q/bc?s=^GSPTSE&t=5y&l=on&z=m&q=l&c=spy

 

[kjd]

Financing window

I believe that we have a financing window of opportunity right now. Lenders are now lowering their interest rates to customers with good credit history because of the sub prime crisis and the looming recession. Those of us who have paid our bills promptly are in a position to benefit. The problem is that your lender usually will not contact you to give you a lower rate. Why should they? You are paying them. YOU HAVE TO CALL THEM AND ASK THEM TO DO IT.

Often banks will lower the rates rather than lose a good customer. Especially these days when rates have dropped. For example, you can lower your home equity loan rate. I just lowered mine from prime + 2.5% to prime -1.5%.

If you have a Marriott loan on your ts at 13.49% chances are you can get a fixed rate around 7% and reduce your payments from 10 years to five for about the same monthly payment. You will have to go to another lender to get that rate. I haven't heard of Marriott re-negotiating interest rates. The difference in savings will offset any loss of MRPs.

There are usually no closing costs or loan fees if you use your same lender. These days it's worth a try on any loan that you may have.