Financing Resale

Discussion in 'Purchasing DVC' started by Debby7, Jun 18, 2014.

  1. Debby7

    Debby7 DIS Veteran

    Joined:
    Jan 5, 2000
    Messages:
    683
    When purchasing resale, do you need to line up the financing before you make an offer or make an offer and when it is accepted line up the financing ?

    Do any of the Resellers offer their own or help clients find financing?

    Whose financing is the best deal?

    Thanks!
     
  2. Avatar

    DIS Sponsor The Official Ticket Center is Orlando’s #1 discount attraction ticket agency, selling millions of Walt Disney tickets around the world.



    to hide this adverts.
  3. ohionola

    ohionola Mouseketeer

    Joined:
    Feb 17, 2010
    Messages:
    136
    The two I looked into was Monera Financial and Timeshare Lending.net. Monera has higher interest rates but are a little quicker getting back with you. They accept everyone regardless of credit but you have to play around on their website to see the down payment. Timeshare Lending.net has better rates but it takes a couple of days to get approved.

    I would suggest checking with both a few days prior to an offer but it is perfectly fine to put in an offer without the financing, especially if you already put the numbers into their website and are comfortable with the down payment.

    Good Luck.
     
  4. Barbi

    Barbi Mouseketeer

    Joined:
    Sep 24, 1999
    Messages:
    334
    I went with timeshare lending and was told I was approved in about 4 hrs. Rates were ok and no penalty for early payoff after the first year.
     
  5. DizBub

    DizBub Totally Addicted

    Joined:
    Dec 9, 2010
    Messages:
    2,135
    We arranged financing with our credit union. Much lower interest rate than a place specializing in timeshares. Just sayin'.......;)
     
  6. magicaldisney

    magicaldisney DIS Veteran

    Joined:
    Sep 8, 2005
    Messages:
    9,341
    I would arrange it first. The major resellers will all point you to a lender.
     
  7. goneviral

    goneviral Earning My Ears

    Joined:
    May 14, 2013
    Messages:
    51
    One that doesn't get mentioned enough is Prosper.com. We both borrow and loan with them on occasion. It's one of the best run financing sites on the Internet.
     

Share This Page