Financing

[Girlstar30]

Thanks! We're doing a big trip in September so we definitely want to get those points after we close resale. Don't mind financing because we can easily pay it back in 6 months. Even if we paid the minimum every month, which were not, it still comes out cheaper to do this than pay Disney direct for rooms. I ran a search for two weeks to stay at riviera in a 2 bedroom and it was over 12 grand

 

[Steelers0854]

Whoa! 15% APR, for prime credit, on a set of points they can freeze immediately and remonetize quickly if they don't get paid, on top of 10% down... why isn't my DIS stock doing better? lol.

Wow, thankfully we were able to get 8.99%, but that was because we were already members.

 

[HyperspaceMountainPilot]

Wow, thankfully we were able to get 8.99%, but that was because we were already members.

8.99% is a much, much better rate.

 

[Kidguile]

The interest is tax deductible as well I believe. You get a 1098

 

[Girlstar30]

8.99% is a much, much better rate.

Hopefully they give me this!

 

[Girlstar30]

The interest is tax deductible as well I believe. You get a 1098

Good to know!

 

[cruisehopeful]

I was about to post a new thread, but most of the information I need is here so I am recycling the thread.

We just financed our purchase we did last month. It was very easy. Because we had been a member already for over a year we got the best rate, but given current mortgage rates they aren’t really that bad. They are a mortgage and thus you can pay down the principal via their website at any time and reduce your interest costs. Those additional payments can be done via credit card. If you setup autopay for the regular payments those have to be a bank ACH.

It looks ridiculously easy to finance if we're already members. Did they run your credit report? My husband and I have security freezes so that's an extra step when we apply for credit. Did you need to get to a notary? Just wondering all the steps.

Wow, thankfully we were able to get 8.99%, but that was because we were already members.

That's actually lower than I expected. If they ran your credit report, did they have to run for all owners? The website almost looks like I can just get the loan by clicking a button and putting 10 or 20% down.

 

[davidhr]

If you have been member for a year they don't run your credit. You're automatically approved for the best rate. They provide a notary free of charge.

It's dangerously easy.

 

[CVG]

My credits not so bad I was just wondering if they wanted near perfect, but sad for that person

You're sad because their credit rating is so bad? Or you're sad they were saved from a terrible choice?