BG Loan

[callas3 Junior Member Find all posts View Profile Close callas3]

We are brand new to Bluegreen and just purchased 18000 points every two years. We were told that if we pay 4 extra payments our first year toward thier loan, then they will half our loan. Has anyone else stayed with the BG loan? And has anyone else done this? Is it true?

Thanks,

[marshalldillon Member Find all posts View Profile Close marshalldillon]

I think what they meant was if you make an extra payment every 3 months (or 4 extra payemnts per year) you will pay off th eloan in half the time. Mkae sense?? I wastold the same thing when we made our initial purchase. It will reduce your payoff time and will save you some interest. Ive never heard of them cutting out half your payment, but this will cut the time in half that you have to pay.

I hope you enjoy your purchase. I was very disgusted with Bluegreen our first year until I learned how to use the system. We love it now and are currently in the middle of a 5 night stay in a 2 bedroom in Panama City Beach overlooking the gulf!! If you have questions, this forum is the place to be...manny members here will help you out in all kinds of ways. Enjoy!!

[crwisconsin Senior Member Find all posts View Profile Close crwisconsin]

Has anyone else stayed with the BG loan?

I think your best bet would be to try and find better financing elsewhere and then pay off your BG loan. When we first bought, the BG rate was much, much higher than just about anywhere else. I trust you will enjoy BG as much as we do.

Charles