Monera Financial’s most frequently asked questions:

How much cash should I expect to bring to closing?

Look at our closing cash calculator on our quote form

Is the interest rate for the term of the loan fixed or variable?

The rate is fixed for the term of the loan.

Do we have to pay a monthly service fee?

With Monera Financial you do not have to pay a $5/month service fee like other lenders.

Are there any loan fees?

There is a loan origination fee of $199, only if and when you close.

Does my deposit I gave to my broker go towards a down payment?

Yes. All money you deposited with your broker will be going towards your down payment.

I am currently a DVC owner, does Monera Financial, Inc. offer refinancing?

Yes, we refinance for owners as well.

Is there a prepayment penalty?

No, you can pay off the loan at any time.

Are there any loan points charged to finance the loan?

No.

If I have bad credit, can I still qualify for a loan?

Absolutely, we do not do any credit checks.

Do you do DVC loans on Home Resorts outside of Florida?

No, at this time we only do the 10 DVC Home Resorts inside the State of Florida. We no longer offer loans for Aulani, Hilton Head or Grand Californian.

Do I have to be physically present to complete the transaction?

No, it is all done by mail, email, or fax

Can I deal directly with Monera Financial, Inc. if I apply for a loan but do not have a broker?

Absolutely. We also bring you the experience of being a DVC owner, and can walk through the entire process.

Is this a mortgage loan and is it considered and mortgage interest write off?

Yes this is considered a mortgage loan. Please seek advice from your accountant.

Are there any conditions required to fund the loan once approved?

Yes, we do require a policy of title insurance on the property.