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Financing Your DVC Contract | The DVC Show | 10/07/19

DIS Unlimited
DIS Unlimited
🥉Knowledgeable
👁️ 14K views📅 6 years ago⏱️ 21:15
What This Creator Said
Creator RecommendsTips & Advice🥉Knowledgeable CreatorSponsored
Veteran Cruiser

Source: Our analysis of the creator's lived experience, based on what they said in this video.

Creator's Key Takeaways

If you have to finance it you can't afford it which is absolute BS.

I bought five years ago at Animal Kingdom Villas $74 a point at the time. And yes I financed it.

Monera Financial. Um now they are that is 100% approval. They do not do a credit pull.

Vacation club loans is your go-to for the smaller point packages.

Creator's Tips & Advice

✓Consider a home equity line of credit (HELOC) for lower interest rates.
✓Use Monera Financial for 100% approval and no credit pull, especially for larger packages.
✓Use Vacation Club Loans for smaller point packages and any DVC property.
✓Plan point rentals 4-7 months in advance.
✓Set up financing within the first 10 days of purchase to avoid surprises.

🆕New to Cruising? This Creator Addresses:

Affordability of DVC without full cash payment — Financing is a valid option; don't let others shame you for not paying cash.
Credit score requirements for financing — Options exist for various credit scores, from 600 to over 800.
Closing costs and deposit process with financing — Deposit is 10% or $500 within 7 days; remainder paid at closing, with financing covering part.

Questions This Creator Answers

QWhat are the financing options for a DVC contract?
QCan you finance a DVC purchase and is it advisable?
QWhat are the pros and cons of different financing companies like Monera, LightStream, and Vacation Club Loans?
QHow does the deposit and closing process work with financing?
YouTube Video Description↓

In this episode the panel discusses financing your DVC contract through both direct and resale and the options you have available. Become a member of the DVC Fan group! https://www.facebook.com/groups/dvcfan1/ If you're interested in more Disney Vacation Club information, please visit http://www.dvcstore.com or call toll-free at 1-800-550-6493 Sign up for DVC Resale text alerts! | https://www.dvcstore.com/textalert.htm Visit https://dvcfan.com/ for even more on Disney Vacation Club! Visit http://www.disunplugged.com to hear more from The DIS Unplugged team. Subscribe to the DIS Unplugged YouTube Channel! http://www.youtube.com/disunplugged Like us on FACEBOOK: http://www.facebook.com/disunplugged Follow us on TWITTER: http://www.twitter.com/thedis Follow us on INSTAGRAM: http://www.instagram.com/the.dis Become a Patron of the DIS Unplugged and receive exclusive content, early access to certain vlogs, and much more! https://www.patreon.com/disunplugged Sign up for the mailing list! https://www.dvcstore.com/contact.htm Check out the Podcast on iTunes | https://podcasts.apple.com/us/podcast/the-disney-vacation-club-show/id1464919907 SPONSOR: Magic Candle Company 15% Off Your Order - Offer Code: DISNEYINFO - https://www.magiccandlecompany.com