Can I Refinance My Disney Vacation Club Purchase?

September 26, 2022

While you may be familiar with using Monera Financial to purchase resale contracts, did you know you can also refinance your purchase through Monera?  This includes contracts that were purchased with loans directly through Disney, contracts purchased with loans through other lenders, and contracts that have been fully paid off.  Monera can even finance or refinance multiple loans for you at a time.

Why Refinance?

Refinancing a contract with Monera can provide a few advantages, such as a lower monthly payment with terms as long as 12 years or a lower interest rate.  Monera offers rates as low as 9.9%.  If you refinance with a shorter term, you can also pay off your contract sooner, which helps reduce the amount of interest you would pay. 

In addition, cash-out refinancing allows you to leverage your equity to provide some extra liquidity for whenever the need arises.  Whether you need cash for a home improvement project or maybe even another Disney Vacation Club contract, you can make the equity of your contract work for you without selling it.  Essentially, you will take out a new loan for the amount you owe on your contract plus the portion of equity you would like to cash out.  

How Does It Work?

Start comparing your refinancing options by getting an instant quote.

To get started, use the Instant Quote Tool on the Monera Financial website, and select refinancing to see your options.  Monera makes it easy for you to refinance by offering both credit check and no credit check refinancing options.  Once you determine which model works best for you, click on “Apply Now” to submit your application.  From there, the Monera Financial team will email you an approval letter.  

Next, Monera will ask you to complete an estoppel letter to authorize Disney to send the title company your Estoppel.  This is when Monera Financial will commit to the refinanced loan at the term and rate you chose.  You will then work with the title company on your loan documents.  After the documents are finalized, the title company will request the loan funds from Monera, close your refinance, and send you the cash proceeds.

For more details on refinancing your Disney Vacation Club purchase, contact Monera Financial today!

Related Posts

December 1, 2021
Get a $200 Discount on Closing Costs with Monera’s Cash-Out Refinancing!

All Disney Vacation Club owners can take advantage of Monera’s Cash-Out Refinancing! As your DVC financing partner, Monera Financial is able to refinance any Disney Vacation Club contract. This includes contracts with loans held directly with Disney, loans held with us or another lender, and even contracts that are completely paid off. And from December […]

Continue Reading