LSA Partnership in NE Atlanta
Posted: Thu Oct 17, 2019 2:16 pm
As January is coming closer and closer, I'm beginning to realize my dream of owning, might not be a reality (for now at least).
My first mistake was finding 'the perfect airplane' yesterday. And going to see it in person, haha.
In the mean time, I have been calling around to different financial institutions trying to talk through the loan process. About 60% don't finance certified LSAs and 35% want to see that you pretty much have the 80% of the loan amount in your bank account in case anything 'happens'. The best deal I could find was 20% down, which was $16k (I have that) PLUS they wanted to see that I had at least (roughly) $47k in liquid funds in my bank account.
I don't want to come off as negative or complaining. But man, I have a solid down payment, a steady 6 figure income, above average credit, and NO payments besides my mortgage. You'd think I'd be a prime candidate.
Regardless, this wont stop me from pursuing my dream. I will keep pushing and either find someone to work with or hold off until I can pay cash.
If anyone in the area is looking for a partner on a high wing LSA, please let me know. I'd love to buy you a burger, even if it's just to talk about planes
Thank you!!
770-344-8691
My first mistake was finding 'the perfect airplane' yesterday. And going to see it in person, haha.
In the mean time, I have been calling around to different financial institutions trying to talk through the loan process. About 60% don't finance certified LSAs and 35% want to see that you pretty much have the 80% of the loan amount in your bank account in case anything 'happens'. The best deal I could find was 20% down, which was $16k (I have that) PLUS they wanted to see that I had at least (roughly) $47k in liquid funds in my bank account.
I don't want to come off as negative or complaining. But man, I have a solid down payment, a steady 6 figure income, above average credit, and NO payments besides my mortgage. You'd think I'd be a prime candidate.
Regardless, this wont stop me from pursuing my dream. I will keep pushing and either find someone to work with or hold off until I can pay cash.
If anyone in the area is looking for a partner on a high wing LSA, please let me know. I'd love to buy you a burger, even if it's just to talk about planes
Thank you!!
770-344-8691