Financing??!?

[Derian]

If you own your house consider getting a Home Equity loan. They're going for 5% at our bank, and are way cheaper than the 10% you can get through timeshare focused companies. You'll only get that if you have enough equity built up, but the lower APR is a massive benefit.

 

[kniquy]

I would cautiously go into financing. You eat up a lot of your savings with the interest you pay. So financing can be ok IF you intend on having it paid off with in a couple of years. Do take some time to maybe let the add-on-itis to pass. I bought my first resale in 2015 and then after our stay at the poly had to add on there. I waited until i had the cash to make the purchase, but i did go through financing options in order to make the purchase - at the end when i looked at having a monthly payment and paying all that interest I decided to put things on hold. I realized it was just a luxury purchase and not a necessity to incur another monthly payment.