Financing and/or AKL?

[STLDisney_Freak]

Could you all give me some information the disney financing??? We would have to finance all outright. How much would we need for down payment? What is the expiration date for the AKL? When we requested out information they didn't have any information on the AKL yet. How easy is it to get a loan threw Disney?

 

[Juliet25]

Hello, fellow STL'er!

DH and I financed through Disney last year with 10% down. After that, we got a home equity loan to pay off at a lower rate. Disney financing is easy if you have decent credit. You will need to put down at least 10%, and don't forget about pro-rated dues (those kind of sneaked up on me). I believe those will be around $400-500 for 150 points.

Good luck with your decision.

 

[snyderla]

My credit was less than stellar when I bought. Therefore they required 20% down and the interest rate was 9% or something close. Of course, with the 20% down I was able to pay it off faster.

 

[carolina_yankee]

We had an easy time financing, and our credit isn't perfect. From what I've been told, they'll generally work with you by adjusting the amount you need to put down. 10% is the absolute minimum, and incentives can't count as part of that 10%. (We ended up with 20% down, but that was 10% cash and 10% through incentives.)

You will get a slightly better rate if you do direct debit. I think we got two reductions, one for direct debit on the loan, and one for direct debit on the fees. If you put 50%, you get an even better rate.

Dirk