Simple scenario / question from a DVC newbie

[WIDisneyFan]

As a new member to DVC I would appreciate it if one of the many experts could take a look at the following and make sure I am getting everything right. (I would hate to screw something up my first time out)

For the basics:
320 Point Contract at BLT (which we purchased during our trip just over 2 weeks ago)
UY – February
Points for 2009: 320 (plan to bank all prior to the September 30th deadline)

What we are planning is a 2 Bedroom in late July 2010 for 8 nights. This requires between 396 and 524 points depending on view. After we bank the 2009 points we will have 640 points available for 2010 (of which 320 must be used in 2010). Plan is to call MS right at the 11 month mark to make our reservation as our preference would be a dedicated 2 bedroom with standard or lake view.

Also as I understand it once the points are banked we will not have access to any points for actual use until February 1, 2010.

Thank you in advance for the sanity check – I am 99.9% sure I have it right but thought that 0.01% was enough doubt to make it worth posting the question of "do I have it right?"

 

[MrsNick]

You've got it down pat...Wish I'd been as savvy as you when I first bought, lol.

Just as an FYI, if on the off chance you decide you need the use of points prior to 2/1/10 (once you banked your 2009 points), you could always borrow points from your Feb 2010 UY.

ETA: home!

 

[WIDisneyFan]

Thanks for the quick response!