DVC Financing

[becca-becca]

We are starting the process of purchasing. I was looking at putting 50% down. If I put 50% down, can a put the rest on a loan for 10 years? The table I got in my package does not have a column for 10 years when paying 50% down, only when paying 10% down.

 

[drusba]

The table is a guide and does not set out every possible financing plan with every possible down payment amount. Most likely they will do what you are contemplating as generally they are willing to finance for up to ten years.

 

[chalee94]

if you just need a calculator to ballpark amounts, you can go to bankrate.com.

 

[Dawn16]

We did exactly that in September. Put 50% down and financed the rest through DVC for 10 years - though it will be paid off as soon as our '07tax refund arrives

 

[Chellymouse]

Call your guide and ask him/her to run the numbers for you if you aren't able to figure it out. We did manage to figure by taking the 50% that we were financing and dividing it out by 10 then adding in the interest rate. It was actually only about $15 more than 10% down with 10 years.