Steamboat Bill

I generally do NOT advise financing a DC purchase or a timeshare purchase, but there may be personal, business, or tax reasons to finance a purchase rather than paying cash.

HCC has a new financing option.
High Country Club: Financing

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Thinking about financial leverage for your one-time membership fee? High Country Club has removed the hassle through our established relationship with JP Morgan Chase, one of the leading global financial services firms in the world. Now you can finance your one-time membership fee for as little as $199.54 a month.

For qualifying members, JP Morgan Chase will establish a home equity line of credit with a variable interest rate, which will rise or fall according to changes in the Federal Reserve Rate. While most home equity lines of credit do not generally have fixed interest rates, JP Morgan Chase also offers an option that allows you to lock in a fixed interest rate on all or a portion of your line of credit balance.

This financing option lets you leverage your membership fee over a 10, 20 or 30 year payment period. For example:

Membership Fee - $25,000 - $40,000 - $50,000 - $70,000
10 year (APR 1) - $312.38 (8.68%) - $499.80 (8.68%) - $624.75 (8.68%) - $855.97 (8.18%)

20 year (APR 1) - $223.17 (8.89%) - $357.07 (8.89%) - $446.33 (8.89%) - $602.61 (8.39%)

30 year (APR 1) - $199.54 (8.91%) - $319.26 (8.91%) - $399.08 (8.91%) - $533.78 (8.41%)

1 Annual Percentage Rate (APR) shown is for example purposes only. Actual APR will fluctuate based on changes in the Federal Reserve Rate.

Bourne

This is a chicken and egg situation.

To me, this option is not attractive as almost everyone already has or can get a HEL/HELOC on the primary residence.

An attractive benefit will be if HCC can finance it in house like major hotel timeshare chains. To do so, they need to have a lot more capital...exactlyyhe thing they are trying to raise..

Chicken and egg...

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The Nile is a river in Egypt......

TravelGuy

If I were a DC, I would use my capital to do the DC thing instead of in-house financing. Better ROI with about the same risk, or maybe better.

And how would they be able to pass the annual Asset Test when they would have to "mark-to-market" all the in-house consumer loans down by 100% at the end of the reporting period!?!?!

(The preceding has been an Official TravelGuy econo/finan/political statement on Fed financial policy)

sdesiere21

High Country Club has introduced FirstAgain as a financing option on its website.

High Country Club: Financing

If you have any additional questions about FirstAgain that aren't answered on HCC's site, please feel free to ask here.