Why is it so difficult to refinance a timeshare. They say that this is a m
Why is it so difficult to refinance a timeshare. They say that this is a m
Why is it so difficult to refinance a timeshare. They say that this is a mortgage and you have a deed, I don't understand why I can't get anyone to refinance this. I have a rate of 11.99% ten year loan at $1300 per month and this is just too much for me. Is there no one out there that can help, my payments are up to date etc. I have a resverse mortgage on my home so can't use equity.
Thanks
Helen Harlow
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Hi Helen!
Welcome to forums!
Unless you can use the equity in your property, you won't be able to refinance your mortgage. You should contact your present reverse mortgage lender and check out if he could help you in refinancing your existing mortgage.
Feel free to ask if you've further queries.
Sussane