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Unfortunately, all financing is based upon your ability to pay.  Banks don't really want to have to deal with your purchase, they manage money not things.  If you are not retired, then your income is your qualification, If you are retired, your retirement income is what they want to know about.  Past payment history is about risk assessment not ability to pay.  Both must be considered in a loan.  Cash in an account doesn't really qualify unless you give it to them to hold until you pay your loan off.

THey didn't ask for any income statistics....just denied me for age

Was a curious set of circumstances...
Guys get motos based a on daily/weekly payments

Me ?  no car loan...
The DR business model !!

DominicanadaMike wrote:

A couple pointers for financing.  This applied to me (Canadian) but may not be available to Americans.  I owned my property in Canada and had a healthy line of credit against my property.  Basically a pre-approved loan at a very low interest rate.   This is what I used to buy 2 properties in the DR no questions or approval process necessary.  The down-side...when you buy a property in the DR it is better to try and get a mortgage in the DR even if it's only for a few thousand.  The reason being is that the bank will ensure the title is clean and will apply their own lien against it until your loan is paid off.  Builders love to put liens against your property to blackmail you into paying them or losing your property.  Using a bank acts as both protection and insurance that the property will be yours when and if you ever pay off the mortgage.    Use cash as collateral if you have to.  Nothing is impossible.

DominicanadaMike:

That is extremely helpful information.  Thanks for sharing!

Jim