answersLogoWhite

0

who does financing for timeshares?

Some owners go to banks and lending institutions to finance their timeshare loans.

User Avatar

Wiki User

15y ago

What else can I help you with?

Continue Learning about Finance

Is a timeshare a mortgage debt or a consumer debt?

A timeshare is a consumer debt. A mortgage is a document that pledges a piece of real estate to the bank in the event the loan is not repaid. When you buy a timeshare, you do not actually have any rights to the physical property, even after you've paid your loan and all associated fees. You have simply prepaid a property owner for the use of the property for a certain length of time. Another way to think of a timeshare is as a prepaid rental that can frequently be exchanged to time in another location, or another time of year.


What is an auto finance?

Auto finance is a loan used to purchase an automobile


Can I apply for a loan to help finance my new business venture?

Yes, you can apply for a loan to help finance your new business venture.


Where can one apply for a business finance loan?

You can apply for a business finance loan from most commercial banks that provide this kind of product. Some micro finance companies also provide business finance loans.


Is time share loan interest tax deductible?

Yes, the interest on a timeshare loan may be tax-deductible, but it depends on how the timeshare is used. If the timeshare is used as a qualified residence (like a second home) and meets certain criteria, you might be able to deduct the interest similar to a mortgage interest deduction. However, if the timeshare is primarily used for rental purposes, different tax rules may apply. It's always advisable to consult a tax professional for specific guidance based on individual circumstances.

Related Questions

Johnson finance loan agency exist or not?

No its a con. See: Lincon Finance Loan Agency. Same add!


What adverse credit loans are offered by Ocean Finance?

There are a few adverse credit loans that are offered by Ocean Finance. One is a homeowners loan. A second loan is a personal loan that Ocean Finance offer.


Is a timeshare a mortgage debt or a consumer debt?

A timeshare is a consumer debt. A mortgage is a document that pledges a piece of real estate to the bank in the event the loan is not repaid. When you buy a timeshare, you do not actually have any rights to the physical property, even after you've paid your loan and all associated fees. You have simply prepaid a property owner for the use of the property for a certain length of time. Another way to think of a timeshare is as a prepaid rental that can frequently be exchanged to time in another location, or another time of year.


What is an auto finance?

Auto finance is a loan used to purchase an automobile


What is Auto finance?

Auto finance is a loan used to purchase an automobile


gold loan?

manappuram finance


What is finance at a car dealer ship?

Finance means you take out a loan to pay for the vehicle, then you make regular payments to repay the loan.


Can I apply for a loan to help finance my new business venture?

Yes, you can apply for a loan to help finance your new business venture.


Where can one apply for a business finance loan?

You can apply for a business finance loan from most commercial banks that provide this kind of product. Some micro finance companies also provide business finance loans.


Is time share loan interest tax deductible?

Yes, the interest on a timeshare loan may be tax-deductible, but it depends on how the timeshare is used. If the timeshare is used as a qualified residence (like a second home) and meets certain criteria, you might be able to deduct the interest similar to a mortgage interest deduction. However, if the timeshare is primarily used for rental purposes, different tax rules may apply. It's always advisable to consult a tax professional for specific guidance based on individual circumstances.


Can world finance loan company come pick YOUR car up?

First, you explain what "world finance loan company" IS; no such critter exists.


Where could one obtain loan finance for a personal loan?

To obtain loan finance for a personal loan by visiting their local bank and filling out the necessary paperwork. Some websites to visit would be DFCU Financial and Discover.