PDA

View Full Version : purchase info


mpjpnc
03-13-2003, 10:24 AM
I am new to the time-share game but just signed a contract for BCV through Disney and I am wondering if, as far as tax purposes, the down payment and interest paid through financing are the same as paying on a home mortgage?

Thank You in advance for any info.

cascadecupcake
03-13-2003, 11:06 AM
I don't think I can actually say "WELCOME HOME" (because I myself have only put down a deposit on BCV and am also waiting to hear on an OKW resale--I don't think I count as an official welcomer yet :p ) but CONGRATULATIONS ON YOUR BCV PURCHASE!

In regards to your interest, I do believe it works just like a mortgage and it is deductible. Some of the "veterans" will be able to answer that for you!

Congrats!

spiceycat
03-13-2003, 11:10 AM
the interest pay through financing are as is the property tax - DVC tells you each every year.

Welcome Home!!!:bounce: :Pinkbounc :sunny: