Financing question

[TiffanyW1]

So, I am still nervous about our financing going through

We were approved with 10% down, but had to submit a credit application with our signed paperwork (DVC will have our pack tomorrow).

Has anyone heard of the terms changing mid-process? I would hate for this to fall though or for them to want a larger down payment to complete the deal

 

[FamilyGuy]

We were approved with 10% down, but had to submit a credit application with our signed paperwork (DVC will have our pack tomorrow).

I don't think that you can be 'approved' prior to reviewing credit. So, IMHO if you have not given them any employment, income, or SSN info prior to filling out the paper application, then your credit is still subject to approval.

On the other hand, it's my understanding that financing directly through Disney for DVC is very easy to qualify for. I have read here that some late pays or minor derogatory credit does not tend to bother Disney if debt-to-income is in line. The points are all controlled by Disney anyways, there is little to no risk in easy going financing policies...

I am confident you will be fine. Welcome Home!

 

[DisneyFreaks]

My DH's sister filed bankruptcy four years ago and she was approved. She did have to put down a larger deposit though. I think 30%.

Welcome Home and stop worrying.

 

[rubbergypsy]

if i remember correctly it comes with all the paperwork all the time, i would not worry, i thought the same thing, like oh they might change their mind.