tammac financial

[TammyAlphabet]

Has anyone financed DVC through them? How is the process?

 

[doubletrouble_vb]

I was under the impression their rates were high...do you have another option for financing? When I was considering Tammac I decided to go with direct purchase from DVC instead.

 

[twotoohappy]

I'm using Tammac now for my first DVC purchase. I'm also financing through DVC for another. The two were about the same to finance. The process through Tammac was very smooth and if I bought resale again I'd use them again.

 

[goofy4wdw2]

we used tammac financial when we bought a resale last year. the process was very smooth. the rate is high, but about the same as disney, i think. we're paying it off with our equity line of credit, which has a much lower rate and the interest is tax deductible. if you feel comfortable with that and have a lot of equity in your home, that might be a good option.

 

[TammyAlphabet]

Thanks for the responses so far. I don't have any other readily available options and I am buying a small contract of 60 points at OKW. My first. I am not sure if it will pass ROFR but I hope so. So I expect to be able to pay it off fairly quickly, that way I don't have to fret about the interest rate too much. I am glad to hear that the process is smooth, I am looking forward to my first welcome home!!!!!!!

 

[pirateparrot]

Tammac finances as unsecured so the interest is not deductible. It may also be harder to qualify. That being said, I have financed my Hyatt Timeshare through them and everything has been fine.

 

[Dean]

I have heard mixed reviews but have no direct knowledge. It is my opinion that DVC is the type of purchase that should only be made with cash or at worst, a cheaper second mortgage or equity line of credit for most families.

 

[TammyAlphabet]

To tell the truth I agree with Dean, cash is absolutely the way to go. I have the cash for about half of it and will pay the rest off when the income tax return comes in. I just wanted to get in on this deal simply because the points and price were right and it was one of the few that i have seen. I don't think I would go for a large contract through financing. As a matter of fact, I hope to add on small purchases in the future using cash only. Just work my way up to a large contract. Thanks for the input!

 

[Dean]

To tell the truth I agree with Dean, cash is absolutely the way to go. I have the cash for about half of it and will pay the rest off when the income tax return comes in. I just wanted to get in on this deal simply because the points and price were right and it was one of the few that i have seen. I don't think I would go for a large contract through financing. As a matter of fact, I hope to add on small purchases in the future using cash only. Just work my way up to a large contract. Thanks for the input!

Maybe a low interest credit card if the closing agency will do it.

 

[TammyAlphabet]

I may do that, just to get it all paid at one time. Thanks for the idea!