I just purchased 300 points in BCV! This forum was invaluable in learning about DVC, and thanks to all for that.
FYI, here are some details which may interest those who are considering buying:
1. I asked about BWV opening up some points to the public, as mentioned on the forum. My guide strongly discouraged me from waiting for that (not that I was really planning to, anyway). He thought that the points wouldn't make it as far as the general public, but I had to wonder if he just wanted the sale today instead of a potential sale sometime in the future.
2. I had read on the forums that the purchase could be financed with 10% down, using $5/pt of the MB offer as part of that downpayment. The rules have changed. You must put at least 10% down out of your own pocket, and the MB offer (all $10/pt) can be used to increase your down payment. That is what I did, resulting in over 20% down. At 20% down, the interest rate (currently) is 9.75%, while it is 10.75% for 10% down.
3. I got December use year, and again my guide said that December wouldn't last long and would probably be February or March if I wait until next week (again, it sounded like a sales ploy).
4. I was very nervous about the purchase, as it will be tough on our budget, but right after I purchased I got that warm fuzzy that lets you know that you did the right thing.
Now I'm planning my first trip home as a DVC member!
FYI, here are some details which may interest those who are considering buying:
1. I asked about BWV opening up some points to the public, as mentioned on the forum. My guide strongly discouraged me from waiting for that (not that I was really planning to, anyway). He thought that the points wouldn't make it as far as the general public, but I had to wonder if he just wanted the sale today instead of a potential sale sometime in the future.
2. I had read on the forums that the purchase could be financed with 10% down, using $5/pt of the MB offer as part of that downpayment. The rules have changed. You must put at least 10% down out of your own pocket, and the MB offer (all $10/pt) can be used to increase your down payment. That is what I did, resulting in over 20% down. At 20% down, the interest rate (currently) is 9.75%, while it is 10.75% for 10% down.
3. I got December use year, and again my guide said that December wouldn't last long and would probably be February or March if I wait until next week (again, it sounded like a sales ploy).
4. I was very nervous about the purchase, as it will be tough on our budget, but right after I purchased I got that warm fuzzy that lets you know that you did the right thing.
Now I'm planning my first trip home as a DVC member!
WELCOME HOME!!!!!!!!
