Friday, April 24, 2009
When the Fat Lady does not sing..
... Well,
Despite being 'pre-qualed', the buyer was not able to get financing. Or more correctly, not able to get the Financing they wanted :-)
Seems they are not able to make that mental bridge between getting a 15 year loan vs. being able to only qualify for a 30 year loan and paying THAT one off in 15 years..
Oh Well, as they say it ain't over till the Fat Lady Sings. In this case - the Fat Lady is going back to the buffet table instead.
Arg.
Despite being 'pre-qualed', the buyer was not able to get financing. Or more correctly, not able to get the Financing they wanted :-)
Seems they are not able to make that mental bridge between getting a 15 year loan vs. being able to only qualify for a 30 year loan and paying THAT one off in 15 years..
Oh Well, as they say it ain't over till the Fat Lady Sings. In this case - the Fat Lady is going back to the buffet table instead.
Arg.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.