Our combined annual income has dropped from $140,000 to $100,000 as I have decided to semi-retire at age 54.

Asked by Vicki, Palm Springs, CA Sat Feb 9, 2008

We want to buy a vacation condo for our future retirement in Palm Springs. We can cover the carrying costs if we are able to bring in at least one half of the annual carrying costs through rental income. Will we have difficulty securing financing?

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Dot Chance, Agent, Burbank, CA
Sat Feb 9, 2008
Hi, Vicki. I'm not a loan officer, but with good credit, cash reserves and a hefty downpayment (probably 20%) you may be able to pull it off.

You can email Marie Richarz of Metrocities Mortgage and she would be able to give you a better answer:
Web Reference:  http://www.DotChance.com
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Mon Feb 18, 2013
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