Where can I refinance a mortgage on a timeshare for less interest?

Question

I presently have two week timeshare one fixed and one floating and I want to try to keep them but I would like to refinance so the interest is not so high.

Answer 1

Try Full Spectrum Lending

Answer 2

Do you currently have a home with equity?

If so, then yes you can always pay off a time share with a new mortgage secred against your home..

This is actually very common being that timeshares tend to have very high interest rates...

I suggest that you look for a lender that is partnered with multiple investors...

There are a couple reasons i suggest that:

1. If a loan officer can shop your loan to multiple lenders they are bound to find one or more willing tho lend to you. By looking at multiple options and programs you will be sure to find the lowest costs and rates...

2. If you on your own call multiple banks to see what you qualify for, EACH AND EVERY LENDER will HAVE to pull a seperate credit report. The more times it is pulled the worse your credit gets. Now, when you work with a loan officer that can shop among their investors, they only have to pull one credit report, and use that copy to shop mortgage lenders for you..

So not only do you keep your credit score where it is, you dont have to worry about any of the busy work..you let the loan officer do it for you..

My name is Jason Fry, and I am a loan officer with Providential Bancorp, a nationwide mortgage lender. I'd be happy to assist you in refinancing , or at least be able to let you know exactly what YOU QUALIFY FOR. You can then make a more informed, and educated decision whether it would be the right move for you.

Feel free to give me a call at 312-264-6448, or
you can email me at [e-mail].


Thank You,

Jason Fry
Providential Bancorp
312-264-6448