WOO-HOO! Papers came today! Have a question thoguh

[phorsenuf]

So we got all our papers today. It has an April closing date so first payment isn't until May (cool). Anyways, everything is set up with us putting just 10% down (Disney is doing "15%"), for a total of 25% down. Last year when we thought we were going to buy in they qualified us at putting 30% down. Could our terms still change. At worse we only have to come up with another 5% but I was just curious if it could still change. We are no worse off than last year, better actually.
Any thoughts. Should I "brace" myself that something could go wrong or can I still walk around singing "I have 150 points, I have 150 points......"

 

[lovinthemouse]

I really don't think you have anything to worry about. If you say not much has changed then don't fret. The worst case you might have to put a few more dollars down. When you finance through Disney, it is win win for them. If you default they get the points back and they can resale, plus they have your downpayment. On a lighter note

 

[poohbear7]

WELCOME

 

[MarylandFamily]

We are thinking of buying. How did you get Disney to put down 15%? Or am I missing something?

So we got all our papers today. It has an April closing date so first payment isn't until May (cool). Anyways, everything is set up with us putting just 10% down (Disney is doing "15%"), for a total of 25% down. Last year when we thought we were going to buy in they qualified us at putting 30% down. Could our terms still change. At worse we only have to come up with another 5% but I was just curious if it could still change. We are no worse off than last year, better actually.
Any thoughts. Should I "brace" myself that something could go wrong or can I still walk around singing "I have 150 points, I have 150 points......"

 

[rogerram]

I'm guessing it is the Friends and Family 15% off deal that just ended. Maybe it shows as Disney contributing 15% to the downpayment.

 

[cobbler]

MarylandFamily-
The 15% has to do with the Friends and Family promo that ended on the first, so that is something you wouldn't be eligible for.

Phor-
Congrats! Welcome home!

 

[4mcbjCtr]

They will approve you just fine, they just may ask for more money. They won't do that until they get your loan application back that is in your paperwork.