Do you look at that timeshare mortgage statement each month and wonder, “What have I gotten myself into?” You are not alone.
Between annual maintenance fees and unexpected special assessments, timeshares are already costly. But add a monthly mortgage payment on top of that, and they become a real financial burden.
The principal balance on that loan can be misleading. With the average interest rate ranging between 14 and 18%—significantly higher than a traditional home mortgage—you can end up paying thousands of dollars more than you may have originally planned.
We’ll calculate your total amount and interest paid over the life of the mortgage.Calculate My Mortgage
And timeshare mortgages are usually 10-year loans. That means you are making 120 payments on a vacation, whether you use it or not. That doesn’t even include the annual maintenance fees and special assessments that don’t just go away once it’s paid off.
Even if you still owe on your timeshare mortgage, you have options. We can help. Our team of experts will walk you through your timeshare cancellation options and help you save your hard-earned money.
Schedule your free consultation today!