Quote:
Originally posted by Dueller
The purchase price is $400K. He signs a contarct planning to put $200K down and finance the rest. Because of a delay in the closing it spanned a new tax year and
suddenly can't get approved for the $200K loan due to his decreasd income despite his credit being perfect.
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This part, "and suddenly can't get approved for the $200K loan due to his decreasd income..." is not a truthful statement.
200k down on a 400k purchase of real property? This is every lenders dream. They dont even cringe when roaches like me sprint into the building underneath the closed door, climb up on the desk and ask for a couple of million bucks with 15% down.
Silverwhaletail
"used to love slutty women and run-down apartment buildings"