PLACERVILLE, CALIFORNIA

Real Estate

Time to bring back the stated income loan

By From page HS3 | November 29, 2013

Bob and Mary were purchasing their retirement home in a senior community in El Dorado Hills. Both had credit scores above 800, a modest pension and, after their 50 percent down payment, they still had a $1 million in a diversified investment portfolio earning healthy returns. Their loan originator said my client’s loan was a “no brainer” a “slam dunk” and she would have the loan documents into title in 30 days. Two weeks after that deadline we still could not get my buyers a loan approval and the builder was cancelling escrow.

Subscription Required

Thank you for reading the MtDemocrat.com digital edition. In order to continue reading this story please choose one of the following options.

Current Subscribers
If you are a current subscriber and wish to obtain access to MtDemocrat.com, please select the Subscriber Verification option below. If you already have a login, please select "Login" at the lower right corner of this box.

Subscriber Verification

Special Introductory Offer
For a short time we will be offering a discount to those who call us in order to obtain access to MtDemocrat.com and start your print subscription. Our customer support team will be standing by Monday through Friday, 8am to 5pm to assist you.

Call and Save! (530) 344-5000

If you are not a current subscriber and wish not to take advantage of our special introductory offer, please select the $12 monthly option below to obtain access to MtDemocrat.com and start your online subscription

Help?

Ken Calhoon

  • Recent Posts

  • Enter your email address to subscribe and receive notifications of new posts by email.

  • Special Publications »

    Use of this site constitutes acceptance of our Terms of Service (updated 4/30/2015) and Privacy Policy (updated 4/7/2015).
    Copyright (c) 2015 McNaughton Newspapers, Inc., a family-owned local media company that proudly publishes the Daily Republic, Mountain Democrat, Davis Enterprise, Village Life and other community-driven publications.