Monthly Price?

[kaf7878]

Hi everyone-

I have been reading for some time now and was wondering a couple things:

1-What is the Disney interest rate from someone who has recently purchased?

2-Based on getting 150 pts and doing MB, what is your monthly payment (including main fees) for a five and ten year loan?

Thanks so much!

 

[lenshanem]

Hello.
Current interest rate is 9.75%, but this is only if you do direct deposit from your checking, if not it is higher.

 

[ZerasPride]

On our 10 year loan (170 points) we are paying $138 and that's directly debited from our checking account. Hope this helps you out! I'm not sure of our interest rate but I know it's a little bit lower because of the direct debit we have set up. I do hope to pay it off in 5 years, hopefully!

 

[ryoung]

As of 4-23-03 the rates were:

 

[ryoung]

As of 4-23-03 the rate were:

1 yr option 4.95%
3 yr to 10 yr options 9.75%

That's with direct debit. Add 1 point if you don't use DD.

Randy

 

[kcmyluv]

We bought 150 points at BWV, just finished signing th papers today. Our interest rate is 9.75 and the monthly payment is $128. for ten years. Less than a car payment and we will still have it in 39 years! I think that's a good deal.

 

[CaptainMidnight]

I could be wrong, but back a little while ago there was some deal on an interest rate if you acted within a certain period of time after contacting DVC. If that's true, you might want to time when you contact them for the sales pitch in order to capitalize on the better rate, if you know about when you'll be able to purchase. I may be wrong, somone else can confirm or correct.

 

[Loubon]

Check out home equity lines of credit from your bank as well. They are usually much lower (and also tax deductable).

 

[lenshanem]

Don't forget monthly dues, too. You will pay prorated prices for the first year even when you do MB. BCV is $49.66 currently per month for 150 points.

 

[Geoff_M]

I could be wrong, but back a little while ago there was some deal on an interest rate if you acted within a certain period of time after contacting DVC.

Yes, when we were there in January they offered a lower rate if you signed within 30(?) days of doing an Open House visit. However, our agent told us last week that we came out ahead by waiting until now because they now offer the lower rate (9.75%) to everyone and they raised the first year points buy-back to $10/pt.

Update: I just found the presentation materials from our January Open House visit. The terms then were if you signed within 30 days of your visit DVD would pay the closing costs, taxes, and the finance rate was 10.95%. The MB buy-back option was only $5/pt. I also re-examined the new sheets the agent gave us and they too note that the terms are good for 30 days after the sales presentation. He didn't mention it, but it appears that every time you meet with them you get a new 30 day clock.