What is Disney Vacation Club Refinancing?
DVC refinancing means paying off an existing DVC mortgage and replacing it with a new one through us. There are many reasons why DVC owners are refinancing right now, and a lower interest rate is the best reason of all! When interest rates drop you should consider refinancing to shorten the term of your DVC mortgage and pay significantly less in interest.
Vacation Club Loans is offering a guaranteed 13.9% rate for DVC refinancing.
Any transferred loan either from Disney Vacation Development directly or one that was financed through another lender on the resale market. Loans over $6,000 can be paid back over 120 months (10 years) while loans under $6,000 can be paid back over 84 months.
In order to qualify for the 13.9% with Vacation Club Loans, owners must possess a 650 FICO score or better. That’s the only requirement for the guaranteed rate. The deed and ownership do not change, however, new taxes and fees must be paid to the County based on the new mortgage loan so a fee of $400.00 will be due. Vacation Club Loans is not charging a loan origination fee to refinance for a limited time. The $400 to the County will be paid at closing which takes approximately 14 days to transfer your loan.
Here's How It Works
Step 1: Get your Payoff Amount
Get your payoff amount from Disney direct or other resale lenders plus 15 days of added interest. For example, if today is October 20th then call and get your payoff as of November 5th. This gives you time to complete and return your new loan documents and gives Disney time to process the check from Vacation Club Loans.
Step 2: Apply
Fill out the secured credit application at https://www.vacationclubloans.com/apply-now/
Step 3: We Prepare Loan Documents
Vacation Club Loans will prepare your new loan documents. Sign and have notarized all new loan documents then return the originals to Vacation Club Loans along with a check for $400 +/- to cover government taxes and costs.
Step 4: We Pay Off Your Loan
Loan is paid off and new loan payments will automatically begin the following month to your new lender, Vacation Club Loans.
