drusba
I went to Iowa once, and it was closed.
- Joined
- Aug 19, 1999
- Messages
- 14,849
Is there any downside to breaking a contract down? It seems like a no brainer to me. If I were to buy 225 points, I would break it down to three 75 point contracts. Are there additional costs(higher closing costs)?
Answering your specific question: if, as a new purchaser you buy 225 points but break it down to more than one contract (e.g., 160 and 85), you may have to pay closing costs for each contract, meaning it would cost you more than one contract, because new purchasers pay closing costs. However, if you buy the minimum 160 (it may be 100 at AKV) wait a little bit until that contract is complete and then purchase an add-on for the rest of the points you want, there will be no closing costs for that add-on because existing owners do not pay closing costs for add-ons.