Tip 10 - Financing

Although all new timeshare projects provide some type of financing, there is limited conventional financing available for timeshare resales under $5,000. However the overall cost savings more than makes up for the lack of financing. Having said that, two alternatives may be available to the buyer with the help of the seller. The first is seller financing and the second is to assume the existing loan.

SELLER FINANCING AND ASSUMPTIONS ARE TWO ALTERNATIVES FOR FINANCING TIMESHARES RESALES UNDER $5,000.

With regard to seller financing, the following is a fair guideline for both the seller and the buyer:

           Down payment  - 30%
           Interest rate - 10%
           Term          - 36 months

If you are able to assume a timeshare loan, expect to assume an interest rate anywhere from 12% to 18% with 3 to 7 years left on the loan. New financing will have similar terms as assumptions.


Home | About Us | Contact Us | Privacy Policy

© TRI West Timeshare 2005-2015. All rights reserved world wide. Any unauthorized reproduction, copying, downloading, modification, scanning, or other use of the material, photographs, images, and content of this site is strictly prohibited. All trademarks, service marks, brand names. photos and logos not owned by TRI West are the property of their respective owners. California Real Estate License 00860627