? Help with SSR phase II Add-on

[boysmom123]

Hi All, Can anyone tell me about the payment sequence when doing an SSR add-on for phase II? We are thinking about disney financing. My understanding is that you need to leave a credit card deposit and that your interest rate is determined by a 10% or 20% downpayment. When is the downpayment due? If the units are not closing til March do we have until March to complete the downpayment? I would like a smaller monthly payment. I would be able to make a larger downpayment in February or March than I would be able to make by the end of September. Can anyone who has done an add-on enlighten me about this? Of course I can call MS in the morning but I thought someone might be able to answer me here. Thank you!

 

[unclescroogefan]

We just finished the application process and had to send in the downpayment with the applications.This was all due within 10 days of receiving the papers.

 

[boysmom123]

I knew someone on the dis boards would have the info!

 

[DawnL]

We put down a $500 deposit and then completed and returned our paperwork last week - we have until 10/2 to put down the rest of our 10% deposit. We were thinking the same way - maybe by next year we would be able to put down more than 10%. Our Rep told us it wouldn't be a problem increasing our down payment, but we would have to call him by February so they would have time to re-write our policy prior to closing.