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How To Finance a Timeshare

Gmoyer3292

TUG Member
Joined
Aug 31, 2008
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Hello:

I was wondering if anyone could direct me to a lender who will finance a timeshare?

I do not want a home equity loan. A personal loan ? or other option.
 

Patri

Tug Review Crew
TUG Member
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Jun 6, 2005
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Only buy what you can pay cash for. Go the resale route. Timeshares from a developer are overpriced at least 50% for their marketing expenses. Timeshares are not a real estate investment and when you sell, will get pennies for the dollar if you bought from developer.
 

Blondie

TUG Member
Joined
Jun 6, 2005
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Location
New England
Resorts Owned
Raintree Blue, Raintree Resorts; Sudwala Lodge, SA; Hollywood Sands, Hollywood , Fla
Gmoyer- I believe Tammac financial will finance a timeshare. That said if you buy resale and buy smart, you can get a terrific property for under $1,000
or even less if you are very patient. From now until December it will be an even better buyer's market as maint. fees come due.
 

lprstn

TUG Review Crew: Veteran
TUG Member
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Sep 14, 2007
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Pay cash, or get a personal loan and pay off in 1 year. I had to take the personal loan for 12 months and it was resale. I know many don't suggest it but its what I did.
 

rickandcindy23

TUG Review Crew: Elite
TUG Member
Joined
Jun 6, 2005
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Location
The Centennial State
Resorts Owned
Wyndham Founder; Disney OKW & SSR; Marriott's Willow Ridge and Shadow Ridge,Grand Chateau; Val Chatelle; Hono Koa OF (3); SBR(LOTS), SDO a few; Grand Palms(selling); WKORV-OF ,Westin Desert Willow.
I believe First Again is the name of the company that was recommended by timeshare owners in Timesharing Today.
 
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