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My husband and I are trying to purchase a resale through the Timeshare store
but are having trouble with financing
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Question: My husband and I are trying to purchase a resale through the Timeshare store
but are having trouble with financing. My husband and I have had credit
problems in the past...long story. Any ideas as to how or where we could get
financing?
Answer: Do you own your home? How about a home equity loan using the equity you've
built up in your home? If not, and you're considered high risk because of some
past problem, you might end up paying really high interest rates because of it.
I'd try to save the money to pay cash for your dvc. I don't have any credit
problems, but I paid cash for my membership (and add-ons) because I feel
strongly against carrying debt. I don't know if you could do this, but maybe
if you could pay half in cash & finance the rest the lending company might feel
more comfortable.
Did you try to buy through Disney themselves? I know that it costs
more, but as the developer, they may have more relaxed standards for
credit than a 3rd party lender.
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