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June 9, 2006, Newsletter Issue #2: Financing a Timeshare
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Tip of the Week
When prospective buyers want to get financing for a Timeshare - steer them in the direction of a developer program, or perhaps home equity loans and even the usual conventional lenders. Tell them they can anticipate a minimum down payment of 10% with up front charges for taxes, title insurance and annual maintenance. The good news is that most of the time the mortgage interest is deductible at tax time!
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