Financing

Discussion in 'Purchasing DVC' started by pirateparrot, Sep 10, 2003.

  1. pirateparrot

    pirateparrot Mouseketeer

    Joined:
    Aug 20, 2003
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    I have been looking at buying SSR but suddenly started looking at resales based upon advice of some posters here. Is anyone aware of any secured financing that can be obtained for resales? The only financing that I have found is Tammarac (sp?) but thy are completely unsecured.

    I would like secured because of the tax advantages. Any ideas?
     
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  3. disneycrazed139

    disneycrazed139 DIS Veteran

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    I only could find Tammac as well. A home equity line of credit would work if it is an option to you.
     
  4. tjkraz

    tjkraz <img src="http://www.wdwinfo.com/images/silver.jpg

    Joined:
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    Can't answer your question, but a word of warning. DVC's financing rate of 9.75% (Direct Debit) is probably 2-4 percentage points lower than any other rate you will find on a timeshare.

    As disneycrazed139 said, home equity is probably the cheapest alternative available if you can swing it.

    But if you go the resale route thinking it may save you some money, make sure you factor in any higher interest rates and closing costs in your comparison.

    Of course if you want any resort other than SSR as your home--which is completely understandable--resale is the only avenue available.
     

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