More DVC Questions?

[puente0629]

Hi,

Disney has this great incentive ($3000 off) and it ends August 25th...what I need to know is, do we need to give the full deposit upfront or can we put half down and half at closing? or is the deposit due at closing? can the deposit be rolled into the loan (i think i heard my sales guy say that)?

How long does it take to close with Disney? What is the process from start to finish?

Thanks,

 

[disneynutz]

Contact your Guide and see what they can do for you. All we can do is guess.

 

[Donald is #1]

Hi,

Disney has this great incentive ($3000 off) and it ends August 25th...what I need to know is, do we need to give the full deposit upfront or can we put half down and half at closing? or is the deposit due at closing? can the deposit be rolled into the loan (i think i heard my sales guy say that)?

How long does it take to close with Disney? What is the process from start to finish?

Thanks,

I believe that the down payment is due up front, but I could be wrong. I guess that I never asked when I was making my purchases.


I think that it takes about a month to close. However, your points are usually available to you as soon as you make the payment.

 

[Sandisw]

When I was doing my add on, I know that my guide was able to set up a delay in my final payment for the contract (I wanted it delayed 30 days so that I could miss the statement closing date on my CC and thus, delay the payment for an additional month--basically, I started the process in June, paid the final payment July 7th, and the CC bill didn't come until mid August).

I know that he mentioned the possibility of something with the down payment as well. I would definitely call your guide to find out exactly what they can do in terms of helping you with the down payment. If you own a Disney Visa, you can get 6 months, 0% interest on your down payment, up to $5000 (it was $2500, but Chase's site is now advertising the larger amount).

I believe that from the time you call, agree to buy, and close it takes between 4 - 6 weeks. Once you put down the deposit, you will have access to make reservations with your points within days (of course, the stays can't happen until after you close but you can make ressies!).

Once you get the papers, you have 7 - 10 days to sign and return them. If you are financing, those papers need to be notarized. After Disney receives them back, you have 10 days from signing to rescind the deal. If, during that time, new and better incentives come out, Disney has been known to allow you to have the contracts re-written to get the better deals (I was able to do that this spring) so although the incentives are ending soon, there is a chance, starting the process now that if they are better in a few weeks, you could make out.

Hope this helps!