Discussion in 'DVC-Mousecellaneous' started by ton80, Sep 10, 2012.
Has anyone ever listed their DVC as an asset on a mortgage refinance?
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I have not and I would be hesitant to list a "time share" as an asset as it is often viewed as more of a liability. This does not mean I don't love DVC, just the fact that how it will be seen on an application does not match how we as Disney addicts view it
no, this was a few years ago but the lender wanted to know assets on hand or liquid assets. they wanted to compare debt to income ratio. financing through disney did not show also on credit report.
I'm an accountant. I would not list my DVC as an asset for financing purposes. It is not liquid, has no appraised value and could not be used as collateral.
I'll defer as it pertains to a mortgage but technically it should be listed on the FAFSA aid forms though I know many don't. DVC does have an intrinsic value and there is a liquid market at a certain price level.
My financial spreadsheet which tracks in detail income, budget, assets, debts, pension/social security projections and retirement analyses includes our 160 pt BLT as part of our non-liquid assets totals. I currently list the value at $90/pt for a total of $14,400. The spreadsheet is updated quarterly using the going price per point on the resale market.
You can put it on there or leave it off it really won't make much difference, they are looking to see what you have in reserves....they are really only looking stocks, bonds, retirement accounts, etc
When we refinanced our home loan we were told to list our DVC ownership as an asset.
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