Paying for Your Timeshare Resale
The easiest way to purchase a timeshare resale is, of course, by having the cash on hand, but not everyone has this luxury. Let's review some other options.
Credit Card: Not many closing companies will allow the entire resale purchase to be put onto a credit card, though most will accept them for the good faith deposit. Putting an entire purchase on a credit card is risky anyways and not recommended.
Home Equity Loan: Some timeshare buyers decide an equity loan would work best for them, based on the equity in their home. They receive a lump sum of cash to pay off their timeshare loan. You can save money this way as mortgage refinances and home equity loans tend to have the lowest rates.
Financing: Another option would be to find a loan company to offer you financing based on your credit history. You want to check your credit report to be sure you have a good rating; if you don't then getting a low interest rate may not be possible.
Timeshare financing companies are hard to find! Upon researching, we came across TimeshareLending.net. Check them out and consider them for your next timeshare resale purchase!
Larry Hayden
Free Guide for Timeshare Buyers
Free Guide for Timeshare Sellers




