Where do I start?

[terri33inne]

After 6 trips in 2 years I've realized it makes sense to go DVC.

Now that I'm ready to do it... where do I start? I've gone to a couple financing sites, and they want the DVC resale info (resort, #of points, seller/agent, etc). BUT, when I go to make an offer for the re-sale I'm interested in they want the financing info... What am I missing? Which typically comes first? My preference would be the financing.

 

[holden]

I think you have to know how you are going to pay for it when you submit an offer online. You could call the DVC resale place that has the contract you want and speak with someone about it. They will probably recommend whoever it is they use. We have paid cash, so I'm not sure about the financing aspect of DVC.

 

[disneynutz]

The added cost of financing may offset any cost savings. Are you interested in buying DVC to save money?

Bill

 

[Noelle]

I know that the periodic emails that the Timeshare Store sends out with new resale listings includes information about finance options at the bottom.

 

[ffwillie]

You can apply at any of the finance companies listed on most sites and tell them what you are looking to purchase. They will give you an approval. This is a lot less formal than buying a home, at least on the approval end. Once you have a contract you will send it to the finance company for processing. They give you like 5 days before you have to reapply, its seems to be more jumping through hoops than anything else. I also assume they don't want to give an open committal. I know it doesn't make much sense but this isn't as critical as being pre-approved for a home purchase. Since approval is almost guaranteed with most of them it doesn't seem to matter to much.

Worst case call one of the resellers and/or the lending companies and ask about the process. I am sure they will be happy to tell you how to make it all work.

 

[summabreeze85]

You will be automatically approved with financing if you are using monera so just tell the broker that and after you have a negotiated offer fill out the online application.
-come to terms w a seller
-tell broker you are financing
-fill out applicatin for financing
-sign contract
-send signed contract to financing institution
-they offer you a letter of commitment and you send it to your broker
it's super easy! And despite what people say on here about the costs of financing, you can finance and STILL save money on your dvc vacations!