From that presentation:
:hysterical: 95% satisfaction with resort staff customer service
:rofl: 97% satisfaction with vacation planning counselors
93% satisfaction with resort properties - ok, maybe
Further In:
Financing options
• FICOs 600+
- Minimum 10% down payment
- Ten-year fixed rate fully amortizing loan
- Small bucket of longer tenor loans is being explored
• FICOs <600
- Minimum 50% down payment
- Five-year fixed rate fully amortizing loan
• Interest rate determination
• Rate based on FICO, down payment, and purchase amount
• Current range from 11.49% to 17.99%
• Incentives for extra down payment/equity
- Adjustments for 600+ FICO obligors begin at 20%
• Upward adjustment (e.g., 50 bps) if recurring electronic payment is not arranged
Avg. Loan Balance $14,193
Here's what the other poster was talking about:
When a receivable defaults, the inventory is “reusable” and sold at a higher price than originally sold
Auto
• Asset sold at a higher price than originally sold
repossessed
• Asset value significantly discounted to original price
• Sold at a loss
Home Equity
• Asset repossessed
• Asset value is linked to real estate market conditions
Vacation Ownership
• Interval / Points reclaimed
• Condition of underlying asset maintained by our property
management group
• Asset resold for higher price than original sale
And, the piece de resistance:
We have the best management team in the industry. :hysterical: