Has anyone refinanced a timeshare loan. My current loan is at 9.99% and I'm going to talk to Bank of America to see if I can get that down to 7%. If anyone knows of a bank that is willing to refinance a timeshare loan please let me know. I have good credit, but I'm trying to reduce my monthly payment so I can put more in my kids college 529 plan. Can you say sucker because that is me, they should have a class on how to purchase timeshare without getting ripped off.