Timeshare Loans Explained in 3 Easy Steps

INTRODUCTION

 So you’re thinking of buying a timeshare?  Congratulations!  Why?  Because timeshare ownership ensures year after year travel for you and your family usually at a big discount.  Obtaining a timeshare loan to purchase on the resale (pre-owned) market is the surest way to maximize those big discounts.  Below, we will explain the resale and timeshare loan process so you can purchase with only a down payment and budgeting low monthly payments over several years.

Before I dive into timeshare loans, let me briefly talk about what you are considering to buy in the first place.  There are over 5,000 timeshare properties around the world so you should have a basic idea of where you wish to purchase or which brand you like best.  For example, DVC, MVC, and HGV (Disney, Marriott, Hilton) are all brands.  They have multiple high-end resorts at the highest demanded destinations.  There are also many great resorts that are not immediately recognized by their name like Trophy Run in Branson, MO famous for its fishing or Tahoe Sands Resort in Lake Tahoe famous for its majestic landscape. No matter where you buy or which brand you choose, through exchange companies like RCI or Interval, you can travel the whole world by giving your time at your resort and trading it with someone else.  Remember, there are over 9,000,000 timeshare owning households to exchange with!

STEP 1      APPLY

Timeshare loans through Vacation Club Loans are credit score driven.  This means we retrieve your credit report through Experian and the score you have is the determining factor of approval.  A minimum credit score of 650 is required for approval.  To apply, simply fill out our free one-page, no-obligation, credit application that can be found here on our secured website at:

https://www.vacationclubloans.com/apply-now/

 

STEP 2      CHOOSE YOUR PAYMENTS

Once we know your credit score we can quote you an exact payment amount and fixed interest rate.  Feel free to use our payment calculator over and over to see different monthly payments based on price and length of time using this link here:

https://www.vacationclubloans.com/rates-calculator/

 

For Example:

A Purchase Contract of $5,000 will be used below

$5,000            Contract Amount

              -1,000            20% Down Payment Required on All Contracts (you pay)

4,000            Loan Amount  (you borrow)

Based on a $4,000 timeshare loan amount @ 9.9% Annual Interest:

$  84.79          Per month for 60 months

Or        $101.26          Per month for 48 months

Or        $128.88          Per month for 36 months

NOTE: We never charge a prepayment penalty so you can pay off your loan early.

 

STEP 3    WE SEND LOAN

We understand the resale market and how vacation ownership works so we help the closing process go smoothly. The title company will send all the documents, including our Promissory Note, to you to sign.  Once this package is completely executed and returned to the title company, the title company will notify us that the contract is ready to close.

Now we send your loan amount to your title company. The distribution of funds completes the sale and the resort is notified that you are now a new owner or an existing owner adding more points.  The process is complete in 3 easy steps.

 

Congratulations  –  Happy Vacationing!

 

For more information please contact Debbie Ely via phone 1-800-334-2334 or email Debbie@vacationclubloans.com