MinnieGi
DVC/BWV
- Joined
- Nov 3, 2001
- Messages
- 4,264
We're now planning to join DVC too!
I rented points for a stay in a one bedroom OKW villa this past week and it was by far our most relaxed WDW vacation. DH was just thrilled! (As I was hoping he would be, he was the one that needed convincing to join DVC). In less than one day of arriving he started asking me all sorts of DVC related questions, I could tell he was breaking down!
We (DH, DD, and myself) all loved the spaciousness of the villa, room to really spread out! Last year at WL we felt really cramped in our room espcially our toddler DD who wanted to roam about and had little room to do so there - but not here! DD (2yo) loved exploring every inch of her "hotel home" as she called it. We all loved the big hot tub, ours at home is not so large. DD had a ball in her mini-water park, she would purposely slide off the seat into the water and laugh with delight! We loved that DH and I could have some "adult time" after DD went to sleep. DH espcially liked that he could park our rental car right in front of our unit. I really liked the porch area, so pretty to sit and relax and look at all the lush vegatation surrounding you. Ok, I guess I could go on and on about how great our stay was here.
By the fourth day, I told DH we should consider going to the DVC presentation so we could check out the other villa homes. He gladly accepted. We got to see models of BWV, BCV, & VWL. We were offered BCV and VWL to buy.
I could tell DH really liked OKW and we had already decided we'd be doing one of our vacations each year to WDW so I was hoping to get DH to consent to 150 - 170 points. So as we were eating dinner after our presentation it was DH that floored me. He was looking over the charts and told me he wanted enough points to have a two-bedroom in most season so we could bring family and friends and for our hopefully expanding family. He thought 350 would be good!!!!! I almost choked on my roll - he had been deadset against DVC for a year and now he wanted 350 points! Can you see my smile???
We've been talking about our plan of action ever since. So here's what we decided. We want to buy a resale at BWV. We'd like to buy two contracts totally about 350 points, that way if we find we don't need the points or we need the money for something else we can sell one of the contracts but not lose DVC all together. Even though we feel we will be vactioning mostly at OKW, we'd like the 11 month home advantage to get into BWV when we want to be in the middle of the World. OKW seems reasonable to get at the seven month window for most times of the year from what I have read. Any advice on resales would be appreciated!
For financing we really don't want to touch any of our monetary assests as most are tied to the stock market in mutual funds or stocks straight out. I just couldn't stand to cash out at a loss. I have faith the market will return and just want to let the money sit and wait it out. So we thought we'd refinance our house that we're sure has appreciated and take a cash-out option to pay DVC up front. Our intrest rate right now is 6 3/4 (we refinanced last year too). It looks like rates in our area are now 5 3/4. Which means with the cash-out and the lower intrest rate our motgage payment would stay the same. We like the idea of not adding any other monthly payments. So all you financial experts, any drawbacks to the cash-out refinancing way? Thanks for any feedback.
So as soon as we get everything worked out, we will be joining you all in calling Disney our second home!!!!!!!!!!!!!!!!
I rented points for a stay in a one bedroom OKW villa this past week and it was by far our most relaxed WDW vacation. DH was just thrilled! (As I was hoping he would be, he was the one that needed convincing to join DVC). In less than one day of arriving he started asking me all sorts of DVC related questions, I could tell he was breaking down!
We (DH, DD, and myself) all loved the spaciousness of the villa, room to really spread out! Last year at WL we felt really cramped in our room espcially our toddler DD who wanted to roam about and had little room to do so there - but not here! DD (2yo) loved exploring every inch of her "hotel home" as she called it. We all loved the big hot tub, ours at home is not so large. DD had a ball in her mini-water park, she would purposely slide off the seat into the water and laugh with delight! We loved that DH and I could have some "adult time" after DD went to sleep. DH espcially liked that he could park our rental car right in front of our unit. I really liked the porch area, so pretty to sit and relax and look at all the lush vegatation surrounding you. Ok, I guess I could go on and on about how great our stay was here.By the fourth day, I told DH we should consider going to the DVC presentation so we could check out the other villa homes. He gladly accepted. We got to see models of BWV, BCV, & VWL. We were offered BCV and VWL to buy.
I could tell DH really liked OKW and we had already decided we'd be doing one of our vacations each year to WDW so I was hoping to get DH to consent to 150 - 170 points. So as we were eating dinner after our presentation it was DH that floored me. He was looking over the charts and told me he wanted enough points to have a two-bedroom in most season so we could bring family and friends and for our hopefully expanding family. He thought 350 would be good!!!!!
I almost choked on my roll - he had been deadset against DVC for a year and now he wanted 350 points! Can you see my smile??? We've been talking about our plan of action ever since. So here's what we decided. We want to buy a resale at BWV. We'd like to buy two contracts totally about 350 points, that way if we find we don't need the points or we need the money for something else we can sell one of the contracts but not lose DVC all together. Even though we feel we will be vactioning mostly at OKW, we'd like the 11 month home advantage to get into BWV when we want to be in the middle of the World. OKW seems reasonable to get at the seven month window for most times of the year from what I have read. Any advice on resales would be appreciated!
For financing we really don't want to touch any of our monetary assests as most are tied to the stock market in mutual funds or stocks straight out. I just couldn't stand to cash out at a loss. I have faith the market will return and just want to let the money sit and wait it out. So we thought we'd refinance our house that we're sure has appreciated and take a cash-out option to pay DVC up front. Our intrest rate right now is 6 3/4 (we refinanced last year too). It looks like rates in our area are now 5 3/4. Which means with the cash-out and the lower intrest rate our motgage payment would stay the same. We like the idea of not adding any other monthly payments. So all you financial experts, any drawbacks to the cash-out refinancing way? Thanks for any feedback.
So as soon as we get everything worked out, we will be joining you all in calling Disney our second home!!!!!!!!!!!!!!!!
). We LOVE the theming and location of BWV, and we love the larger villas and porches and the parking set up at OKW! They really are the best of both worlds!!! We go every other year to OKW, and so far have not had any trouble booking that at the 7 month window 
