Adding on points and Disney Financing

[theostwalts]

We are planning on purchasing our points and financing through Disney. Our guide has explained the process and I understand the application process for the initial purchase. I am wondering, if we do add on at another resort while the original points are financed, do you have to go through the entire process again, or since it is an addition to your master contract do they use the original information you submit?

 

[bama106]

We financed through disney and just did an add-on. Both contracts are at AKV. We still had all the paperwork to sign as we did with original contract, but as for the credit application we did not have to give them any more info, just had to sign a credit application. We received the standard interest rate on the first contract, but was given the prefered interest rate on the add-on which is quite a bit less than the standard rate.

 

[TiszBear]

bama106 basically said it all. Also don't forget that you can make additional principal payments any time. I financed thru Disney for my first contract and the second but paid cash for my third add on. For the two I financed I had the payments come out of my account automatically but I also was able to make additional payments, hence paying off both contract 2 & 3 years early.