Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

Does anyone know how or if you can refiance a timeshare??

Answer Question
 
Anonymous

Asked by Anonymous at 1:04 PM on Apr. 28, 2009 in Money & Work

Answers (2)
  • From what I understand you have a FEW options for refinancing a time-share though not as many as you might have, say refi ing your main home. But time-shares are considered real property so there are some avenues. You should check with the institution who is financing u currently and see if they can help you, or you can try this link http://www.tammacfinancial.com/
    wyldreams

    Answer by wyldreams at 1:37 PM on Apr. 28, 2009

  • When we "refinanced" we ended up having to take out a home equity loan to do it. We couldn't find a bank willing to do it. But paying 3% interest on the home equity loan was much MUCH better than the 15% the timeshare company had it financed with.
    slw123

    Answer by slw123 at 2:29 PM on Apr. 28, 2009

Join CafeMom now to contribute your answer and become part of our community. It's free and takes just a minute.
close Cafemom Join now to connect to other members! Connect with Facebook or Sign Up Using Email

Already Joined? LOG IN