OPPORTUNITY KNOCKS TO PAYOFF A LOAN AT A HUGE DISCOUNT!
| Listing Information | |||
|---|---|---|---|
| Amount: | $24,250.00 | Status: | Loan created |
| Grade: | AA | DTI: | 19% |
| Lender Rate: | 10% | Borrower: | coffeebunny66 |
| Finished | State: | CA | |
| Funded: | 100% | Group: | Our Values |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-04-06 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Apr 06, 2007 | Current |
| Jul 29, 2007 | Payoff in progress |
| Aug 03, 2007 | Paid |
|
Hello Prospering lenders, I am a successful real estate investor in California. I have an opportunity to pay off a seller carryback mortgage at very favorable terms. The current principal balance is $33,201.00 and the cash-strapped beneficiary has indicated that he will take $24,000.00 today as payment in full. I am under no obligation to prepay this loan in that all of my payments have been made on time. However, I'm no fool and can spot an excellent deal when I see it. This prepayment will result in a discount of $9,201.00. By utilizing a Prosper loan to facilitate this transaction I stand to net over $4,000.00 after paying interest to term. Furthermore, this method of payment keeps my cash reserves intact so I can sleep better at night. I WILL HAVE NO PROBLEM PAYING FOR THIS PROSPER LOAN. Including this Prosper loan, my income exceeds my expenses by $1,875.00 per month. I AM A HOMEOWNER I AM A RENTAL PROPERTY OWNER I HAVE CURRENT MEDICAL INSURANCE I HAVE CURRENT AUTOMOBILE INSURANCE I HAVE RETIREMENT ASSETS I HAVE AN EMERGENCY FUND THAT WILL PROVIDE FOR MORE THAN SIX MONTHS EXPENSES I PAY MY CREDIT CARDS IN FULL EACH MONTH My good credit is extremely important to me and I intend to keep it that way! Please send any questions and I will promptly reply. Thank you for taking the time to review my loan request. |
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