Advantages to financing through Disney?

[puffkin]

Considering buying into DVC at SSR this summer (want to see the resort first before we make a decision). What are the advantages of financing through Disney? I have read some things about unsecured vs secured and that it doesn't show up on your credit report, but I wasn't quite sure of all the details. Thanks!

 

[wtpclc]

In addition to what you mentioned, one of the biggest reasons that most people finance through Disney is that it can be difficult to get bank financing for a time share. Many will not do it. Also, someone help me out here, there may be additional closing costs. Something to look into at least.

 

[Happy Birthday Cat]

You are correct that it doesn't show up on your credit report as long as you are current on your payments and dues.

HBC

 

[Boo]

We found the process of financing through Disney very easy and hassle free. No closing costs, etc. And it is a nice advantage that it didn't show up on our credit report when we went to refinance the house.

 

[TnRobin]

The secured vs. unsecured issue is that Loans which are "Secured by Real Property" can qualify for the interest to be deducted on your IRS return as mortgage interest. (Other factors can come into play). Disney does secure your loan with your real estate investment, thus it meets this definition.