Potential Purchase financing

[px57chevy]

Hi All!

We are currently waiting on ROFR for OKW!!

My question is...

What are the options, outside of paying cash, can you beat the ugly 11% financing for the DVC???

 

[Sandisw]

Home equity loans/lines of credit are at a lower rate right now.

 

[JimMIA]

What financing are you talking about? I hope it's not Disney financing, because you can't use that for resale.

Home equity has always been the best financing available, whether you are buying direct or resale. The rates right now would depend on your financial institution, but I'm sure they are much lower than 11%.

 

[px57chevy]

Resale through TTS...

I have only lived in our house for about 4 years and don;t think that we have paid enough to have enough credit with the housing market right now....

Just wondering if anyone else had any creative ideas of financing...

 

[JimMIA]

Resale through TTS...

I have only lived in our house for about 4 years and don;t think that we have paid enough to have enough credit with the housing market right now....

Just wondering if anyone else had any creative ideas of financing...

Then the rate through TTS may be the best deal going. You could always check with your bank/credit union, but I doubt you'd do as well.

That 11% is very close to what Disney charges for "preferred" customers; their "standard" rate is more than 14%, I believe.

 

[CMOORE185]

I am always sent credit card deals such as 4.99% financing for life of loan. You just have to make sure you charge nothing else on this card because the lower rate gets paid first. The minimum payment is usually 2%. I use this method alot. Or you can do Zero % cards and keep switching every time its about to end. If done right this method is very effective.