How to finance a DVC resale???

[shari2shop]

We are considering buying a DVC resale for Boardwalk. I am curious as to how people finance resale DVC points. The amount we will need to finance is about $10,000. Do people put it on a credit card with low interest (can you do that) or do they just take out a personal loan from a bank? Our house is paid for so I don't want to tie it up in a loan for DVC. Any suggestions???? or advice???

I tried to do a search of the boards but it was disabled. So, if there is a thread out there on this could someone point me to it???

THANKS!!!

Shari

 

[ClarabelleCow]

I don't think you can do the entire amount on credit card, if you don't have the entire amount in savings, I would put it on a homequity loan. If your house is paid off, I'm sure it wouldn't be a problem getting one quickly! Ours is for 4%, pretty low!!

 

[zulaya]

HI, haven't bought resale so don't have personal experience.

Most people take out a home equity loan/line of credit from what I have read.

I also have read people using credit cards and keep transferring them to the one with 0% APR until it's paid off.

I think other loans would probably have a much higher interest rate. These two are the only options I have seen people talk about when resale financing is discussed.

 

[zurgswife]

we are doing a low interest credit card loan....0% to 1.9%....we pay it off as soon as we can..