Need advice??

[Balou3]

My wife and I are ready (?) to take the leap into the DVC. But I need some advise:

we both LOVE BWV, and know the only way to do this would be through a resale. But we don't think we can swing a deal (just did a refinance on our house last month) so a home equity loan is out of the question...

we also think WLV is beautiful, however we have never stayed there. We have talked to Member services and know that the finance rate is 13.5% for 10 years. We would probably go for 270 points (1 week in a 2BR villa during value time).

I know that I could probably get a better deal on a resale but have no idea how to go about financing. If I could get the same rate I would do a resale in a hearbeat. But I don't think it is possible.

Should I take the Disney financing and run????

 

[wdwnut]

hi: you can check with the timeshare brokers and see what kind of financing and interest rates you can get if you want to go resale. the initial purchase we made was through disney with their financing because it was better than anything our bank could come up with. our second purchase was done via home equity because those rates were lower than disney's. we own 2 contracts at bwv and have sometimes been able to get ressies around the 7 month mark. it's kind of hit or miss though. the mantra you will see repeated over and over on these boards is to buy where you plan to stay. there's usually more availability at okw because there are larger numbers of units available there. once bcv opens and if the point structure isn't too prohibitive, you may find increased availability at bwv.