Any "Latest & Greatest" about Delta?
11-19-2014 | 03:10 PM
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From: 737A
330-800/900 = 330-200/300 with new engines
11-19-2014 | 03:31 PM
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I know this has been answered on here before...but does anybody have any expertise on how to justify an airline pilot salary to a bank's loan department?
I'm trying to get a 6 month construction loan to finish a place, then that would be taken over by a conventional mortgage of some type once an occupancy permit is issued.
Lady at bank tells me my salary doesn't justify the loan. This isn't a million dollar home...couple hundred grand. I'm a new hire, only been here 6 months after retiring from the military so naturally, the pay has been low. I tried to explain the hours and pay scale thing to them and they said that is all "projected earnings" and that my salary since retirement doesn't warrant a loan.
Anybody got any expertise or experience on how to work this thing? I was polite about it, but basically asked her..."if a guy who has retired from the military, with a monthly retirement check, no debt, and a job as a pilot at Delta airlines can't get a loan for a couple hundred grand... who is getting them then?"
I'm trying to get a 6 month construction loan to finish a place, then that would be taken over by a conventional mortgage of some type once an occupancy permit is issued.
Lady at bank tells me my salary doesn't justify the loan. This isn't a million dollar home...couple hundred grand. I'm a new hire, only been here 6 months after retiring from the military so naturally, the pay has been low. I tried to explain the hours and pay scale thing to them and they said that is all "projected earnings" and that my salary since retirement doesn't warrant a loan.
Anybody got any expertise or experience on how to work this thing? I was polite about it, but basically asked her..."if a guy who has retired from the military, with a monthly retirement check, no debt, and a job as a pilot at Delta airlines can't get a loan for a couple hundred grand... who is getting them then?"
You might want to check out wingsfinancial.com, or even the Delta Credit union. they both understand pilots, and Wings has been exceptionally good to me.
11-19-2014 | 03:32 PM
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From: 7ER Costar
I know this has been answered on here before...but does anybody have any expertise on how to justify an airline pilot salary to a bank's loan department?
I'm trying to get a 6 month construction loan to finish a place, then that would be taken over by a conventional mortgage of some type once an occupancy permit is issued.
Lady at bank tells me my salary doesn't justify the loan. This isn't a million dollar home...couple hundred grand. I'm a new hire, only been here 6 months after retiring from the military so naturally, the pay has been low. I tried to explain the hours and pay scale thing to them and they said that is all "projected earnings" and that my salary since retirement doesn't warrant a loan.
Anybody got any expertise or experience on how to work this thing? I was polite about it, but basically asked her..."if a guy who has retired from the military, with a monthly retirement check, no debt, and a job as a pilot at Delta airlines can't get a loan for a couple hundred grand... who is getting them then?"
I'm trying to get a 6 month construction loan to finish a place, then that would be taken over by a conventional mortgage of some type once an occupancy permit is issued.
Lady at bank tells me my salary doesn't justify the loan. This isn't a million dollar home...couple hundred grand. I'm a new hire, only been here 6 months after retiring from the military so naturally, the pay has been low. I tried to explain the hours and pay scale thing to them and they said that is all "projected earnings" and that my salary since retirement doesn't warrant a loan.
Anybody got any expertise or experience on how to work this thing? I was polite about it, but basically asked her..."if a guy who has retired from the military, with a monthly retirement check, no debt, and a job as a pilot at Delta airlines can't get a loan for a couple hundred grand... who is getting them then?"
Also showed them TSP assets which more than covered the loan. You might just have to shop around for a small town bank.
Or find one that deals often with your builder or local builders. Not all banks do construction loans, so one that has relationships with builders may be best bet.
11-19-2014 | 03:33 PM
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11-19-2014 | 03:49 PM
looking for underboob
Joined: Aug 2007
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From: NYC 7ER LCA
I know this has been answered on here before...but does anybody have any expertise on how to justify an airline pilot salary to a bank's loan department?
I'm trying to get a 6 month construction loan to finish a place, then that would be taken over by a conventional mortgage of some type once an occupancy permit is issued.
Lady at bank tells me my salary doesn't justify the loan. This isn't a million dollar home...couple hundred grand. I'm a new hire, only been here 6 months after retiring from the military so naturally, the pay has been low. I tried to explain the hours and pay scale thing to them and they said that is all "projected earnings" and that my salary since retirement doesn't warrant a loan.
Anybody got any expertise or experience on how to work this thing? I was polite about it, but basically asked her..."if a guy who has retired from the military, with a monthly retirement check, no debt, and a job as a pilot at Delta airlines can't get a loan for a couple hundred grand... who is getting them then?"
I'm trying to get a 6 month construction loan to finish a place, then that would be taken over by a conventional mortgage of some type once an occupancy permit is issued.
Lady at bank tells me my salary doesn't justify the loan. This isn't a million dollar home...couple hundred grand. I'm a new hire, only been here 6 months after retiring from the military so naturally, the pay has been low. I tried to explain the hours and pay scale thing to them and they said that is all "projected earnings" and that my salary since retirement doesn't warrant a loan.
Anybody got any expertise or experience on how to work this thing? I was polite about it, but basically asked her..."if a guy who has retired from the military, with a monthly retirement check, no debt, and a job as a pilot at Delta airlines can't get a loan for a couple hundred grand... who is getting them then?"
Jeff Kobold | Prospect Mortgage | Orleans, MA
11-19-2014 | 04:02 PM
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From: Capt
11-19-2014 | 04:24 PM
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From: 765-A
Still being negotiated. I smell a calculated leak.
Airbus Said to Near Delta Order Up to $13 Billion to Top Boeing - Bloomberg
Airbus Said to Near Delta Order Up to $13 Billion to Top Boeing - Bloomberg
11-19-2014 | 04:30 PM
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From: DAL A320 CA
Then again, this article says it was independently confirmed by the Seattle Times:
Boeing loses to Airbus on big Delta order | Business & Technology | The Seattle Times
Boeing loses to Airbus on big Delta order | Business & Technology | The Seattle Times
Everyone on the 320 says 'Delta' stands for 'Don't Ever Leave The Airbus'..maybe they're right?!
11-19-2014 | 04:34 PM
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From: Going to hell in a bucket, but enjoying the ride .
Now the next step is to get a common type rating with...all Airbus equipment.
Go to training twice in your career, once as a new hire on the A319-320-321 for domestic ops, and then a quick 'differences' course for the A330-350 and International ops.
Don't think Richard's -not- looking at that possibility, long term.
Our present fleet plan is a mess and costing Delta billions per year just in manning, reroutes, dead heading, training, retraining and spare parts. Both Pilots and Mechanics. Now that Delta is making money, it's time to clean up that mess.
Boeing really dropped the ball when they didn't make the 'new' 737's just like the 75-76-777's.
http://leehamnews.com/2014/11/17/a32...les-winner-is/
But at least they will still be able to sell them to South West...
Last edited by Timbo; 11-19-2014 at 04:51 PM.
11-19-2014 | 04:39 PM
Runs with scissors
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From: Going to hell in a bucket, but enjoying the ride .
The "Open Enrollment" wasn't open!
I finally got it done, but I had to wait until everyone else logged off and went to lunch.
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