DVC purchase question

[huey578]

I'm curious on payment terms/timeframe. Does payment have to be paid in full or can I make montly payments? How long are payment terms?

 

[mnasf]

The DVC does provide financing to qualified buyers.

You would need to call to get the current rates, but they offer several options.

As I recall, you could finance for anywhere from 2 to 10 years, and the rates were 9.75% with direct debit from your bank account.

You have to put 10% or more down.

I hope this helps.

 

[Doug Wolfe]

I financed direct through DVC in 2002 when I bought into Beach Club Villas.

I have a ten year loan, which I will probably pay-off early.

DVC simply takes the payments right out of my checking account. I never have to worry about making the payment on-time, they do all of the work. They also take out the taxes & fee's, so in January when everyone is paying annual bills mine is $0. In fact I never even think about it.