? about closing time

[Jenngusto]

My DH and I are considering joining the DVC after a wonderful tour at the Doorway to Dreams near Chicago. :sohappy:

But my questions about closing - once you pay the down payment, how long does it generally take to close?

Thanks for all your help! :wave:

 

[Disneyfalcon]

Congratulations!! I think it generally takes 2-4 weeks depending on your financing.

The good news is you can make reservations right away, before you close.

 

[mickeypal1]

Congrats! We too purchased thru the Doorway to Dreams store. We signed the papers in late January, and recently received our closing papers about two weeks ago. But our first payment isn't due until May 1. We booked our first trip while still at the Dreams store when we signed the initial papers and paid our down payment.

Also, we are booked to host the first every DVC/ Doorway to Dreams party. Kind of like a tupperware party for the DVC. We are very excited about this. Our DVC guy, Derek, is great and is working on this with us. If anyone is interested, let us know. We are in the Romeoville/Plainfield/Bolingbrook area.
Send us an e-mail and we can send the info. Our e-mail is owenpg@aol.com.

:sohappy:

 

[Jenngusto]

Thanks for the info. I think we are working with the same guy, Derek. He has been great about EVERYTHING! :wave:

Maybe this is a silly question but what kind of issues can people have with financing? If you pay the deposit and payments, I would think it is all good. But maybe if someone has really bad credit there may be an issue? I don't know...:shrug:

 

[JCorduroy]

Like any other financing (car, home, etc.) credit plays a huge determining factor.

However...I can attest to the fact that my wife and I both had horrendous credit when we purchased into the DVC last year, and we got through financing with no problem.

And we still have no regrets. There's nothing better than a 'Welcome Home!' greeting when you arrive at the resort.

Congratulations!

 

[hansel1]

Thanks for the info. I think we are working with the same guy, Derek. He has been great about EVERYTHING! :wave:

Maybe this is a silly question but what kind of issues can people have with financing? If you pay the deposit and payments, I would think it is all good. But maybe if someone has really bad credit there may be an issue? I don't know...:shrug:

If you have poor credit: Disney's finance company will charge you the higher interest rate and my require a larger down payment. I believe the normal 10% down jumps to 20% or 30% depending on your individual situation. I have not heard of someone being turned down for financing w/disney.