The DIS Discussion Forums - DISboards.com

The DIS Discussion Forums - DISboards.com (http://www.disboards.com/index.php)
-   Purchasing DVC (http://www.disboards.com/forumdisplay.php?f=28)
-   -   Timeshare Lending (http://www.disboards.com/showthread.php?t=3187646)

disneydad33 10-17-2013 07:24 PM

Timeshare Lending
 
Anyone have an opinion on using this company/service to finance a resale purchase? Yes I know it's never a good idea to finance any timeshare, but am considering financing for only a 6-9 month period and then paying off. I didn't think financing was possible on resale but then came across this company.

magicaldisney 10-21-2013 06:52 AM

We used them for the same type of thing and they were wonderful and very easy to work with. There is no fee for paying your loan off early. It was nice to get an add on contract that was just what we needed and then we could pay it off when our bonus came months later.

DVC Dude 10-21-2013 08:38 AM

I would suggest getting a HELOC or very low interest 2-3% short term loan from a credit card company before taking a 9-14% loan from a timeshare company

disneydad33 10-21-2013 05:09 PM

I checked on HELOC which is the way to go, but then was able to cash in some stock options instead! Good to go!

MommyBell08 01-06-2014 05:12 PM

We are working with Timeshare Lending now and I defiantly have an opinion. Ill update when we are done with this purchase. :thumbsup2

Dean 01-06-2014 06:52 PM

Quote:

Originally Posted by MommyBell08 (Post 50413336)
We are working with Timeshare Lending now and I defiantly have an opinion. Ill update when we are done with this purchase. :thumbsup2

If you could post your total fees that would be helpful, from what I've seen secondarily, they are very high in addition to the interest rate.

jillgunter 01-07-2014 09:13 AM

We did a line of credit on our house at 1.99% that we will pay off in February. So if you only need something short term, that is a good option if you have equity in your home.


All times are GMT -5. The time now is 09:51 PM.

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

Copyright 1997-2014, Werner Technologies, LLC. All Rights Reserved.