This should help others that are thinking about purchasing a new (non add-on) contract on a closed resort.
I recieved my big dvc dream book over a year ago. I called this morning and they had my contact information already in the computer. I was transferred to the agent who sent out the book last year (Gibb McCain).
I told him I would like 170 points at Board Walk Villas and I would need financing. I told him i was married and would like to own and finance the contract myself with my wife allowed to make reservations. He asked for my s.s.# and entered it for approval. During the 3 minute wait he asked if I knew my score (686). He said there would definately not be a problem.
Approved for preferred financing, I chose 10 years at 10.75 %. $1700 down payment financing roughly $15,000 would come to $208 per month. I would not have to pay closing costs (normally $320) as this property was a sold out property.
There are currently no contracts available at BWV. I will be put on a waiting list (told around 2 weeks). He took a $500 deposit that will go towards the down payment amount and will call when I recieve the points. He anticipates a USE YEAR of february, march or april.
I used my disney visa card for the $500 deposit and will use it for the remainder as well. If you use your disney chase visa you are eligible to charge the 10% down payment and recieve 0% financing on that for 6 months.
I asked about the closing costs as an FYI, you can add the closing costs into the financing amount if you wish.
Gibb told me that when he calls me back with the points and use year he will give me a membership number immediately so that I may make reservations.
I hope this helps someone.
I recieved my big dvc dream book over a year ago. I called this morning and they had my contact information already in the computer. I was transferred to the agent who sent out the book last year (Gibb McCain).
I told him I would like 170 points at Board Walk Villas and I would need financing. I told him i was married and would like to own and finance the contract myself with my wife allowed to make reservations. He asked for my s.s.# and entered it for approval. During the 3 minute wait he asked if I knew my score (686). He said there would definately not be a problem.
Approved for preferred financing, I chose 10 years at 10.75 %. $1700 down payment financing roughly $15,000 would come to $208 per month. I would not have to pay closing costs (normally $320) as this property was a sold out property.
There are currently no contracts available at BWV. I will be put on a waiting list (told around 2 weeks). He took a $500 deposit that will go towards the down payment amount and will call when I recieve the points. He anticipates a USE YEAR of february, march or april.
I used my disney visa card for the $500 deposit and will use it for the remainder as well. If you use your disney chase visa you are eligible to charge the 10% down payment and recieve 0% financing on that for 6 months.
I asked about the closing costs as an FYI, you can add the closing costs into the financing amount if you wish.
Gibb told me that when he calls me back with the points and use year he will give me a membership number immediately so that I may make reservations.
I hope this helps someone.
