Five Benefits of Using Monera You Might Not Know About

September 8, 2023

We know you have a lot of options to finance your Disney Vacation Club contract. Maybe you found your way to our new website because of our the choice between our no credit check and credit check options. Or maybe you noticed we offer up to a 12 year term. Regardless of what brought you to us, there may be some great benefits of using Monera Financial that you didn’t know about. In order to make your financing research as easy as possible, let’s discuss five lesser known reasons to borrow with us.

Only DVC Lender that offers No Prepayment Penalties

With all our loans, there are no prepayment penalties. In fact, Monera is the only DVC lender that doesn’t charge you a prepayment penalty. You can make as many additional payments as you would like. In fact, any extra paid over the regular monthly amount will go directly towards your principal. Extra payments will result in paying less interest over the life of the loan. Paying extra will also shorten the length of time it takes to pay the loan off.

Tax Deductible Eligible Interest

Monera Financial is a mortgage loan. We will issue you a 1098 at the beginning of each year throughout your loan term for tax purposes. Mortgage interest is eligible for tax deductions depending on your individual circumstances. We highly recommend you consult with your tax professional to see if this is something you can take advantage of.

We Don’t Report Your Debt

Regardless if you decide to go with the credit check model that is a one time credit-pull (good for 90 days) or the no credit check model where we don’t pull your credit at all, we do not report the debt for any of our loans to credit bureaus. This means when you go to apply for something large, like a home loan, your DVC debit will not appear and will not negatively affect your debit to income ratio.

Everyone’s Approved

We want to make owning a piece of the magic attainable for everyone. Because we offer a no credit check option, everyone is approved. We don’t need to ask for pay stubs or any other financial information. You’re approved. The value of your purchase is enough collateral for the loan. Because of this, you can choose to go through our approval process before or after you have an accepted offer.

Ability to Add-On Multiple Contracts

Already a borrower and looking to add on? No problem! We allow you to hold multiple loans with us. We understand that once you buy a DVC contract, it’s hard not to want more. Reach out to our Loan Origination Team to discuss your options for financing your second (or maybe fifth) contract.

If you would like to speak to a team member to further discuss financing, don’t hesitate to contact us at 1-855-DVC-FUND (382-3863) or email us at [email protected]. We look forward to hearing from you!

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