General Questions
Greetings, I am interested in purchasing a late 70s or early 80s Mooney M20C for around 50-65,000. I have 10% to put down. My wife and I are in ministry and over the last few years it has grown very fast. We do a lot of regional travel. My brother is an AMP and will maintain and pilot the aircraft. My credit score is just over 640. By the loan Calculator and adding a couple hundred dollars on top, I can do this. However, I only have proof of my current amount of income for 2007. My wife the Co-signer does not have but $400mo provable income. Total (provable) Monthly income is 3400.00mo, bills are 1800.00mo Total income with other incomes Total: 4,100mo I could pay cash for this aircraft through our ministry, but could face scurtiny so I have decided to purchase it myself if it is possible. Is this Possible?Douglas,
Thank you for your interest in aircraft financing. I will have one of our loan specialists call you today to discuss your situation in more detail.
100 Halls Road
P.O. Box 1060
Old Lyme, CT 06371
Fax: 1(866)282-2623
www.beaconairloans.com