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Can Timeshares Be Used as Loan Collateral?

Good quality timeshares that have a strong market value may be considered as loan collateral by a lending institution. However, it is the prerogative of the bank or a private lender to decide whether they accept a timeshare property as a collateral. Furthermore, the local property laws may also differ from one place to another, which may have an impact on their hypothecation. But if the ownership title of a timeshare is clear, some lenders may accept it as a collateral after getting an independent appraisal done to ascertain its current fair market value and the future market prospects of the property. For more info, see How to Get Home Equity Loans for Timeshares