Paying off 2nd mortgage
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 24% |
| Lender Rate: | 12% | Borrower: | aufanattic22 |
| Finished | State: | GA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-06-12 | EricsCC ROI: | 11% |
| Status History | |
|---|---|
| Jun 12, 2007 | Current |
| Sep 05, 2009 | Paid |
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Purpose of loan: I am requesting this loan to payoff the balance of a second mortgage due to the sell of house. I obtained a second on my previous primary residence at 125% of value. The house has appreciated to $99,500 (sales price) from $82,000 (original purchase price.) I took out a $30,000 2nd mortgage in 2005 for a business venture. I have been repaying $400 per month without any problems. I have since moved into another house and have a contract to sell my previous house and need this loan to payoff the remaining balance of my second mortgage. My financial situation: I have a perfect credit history with many trade lines of repayment. I am in sales and my income is steadily increasing and should be over $100,000 within 12 months. My wife also works and brings in a steady income to have more than sufficent income to repay this debt. I am a small time Prosper lender and look to increase that as I payoff this loan. I feel like you will get a good return for your investment and it will be safe. I work too hard to keep my credit perfect to let it go down. I used to work in the banking industry so I know the value of good credit. Monthly net income: $5500 Monthly expenses: $ Housing: $1300 Insurance: $400 Car expenses: $500 Utilities: $200 Phone, cable, internet: $150 Food, entertainment: $400 Clothing, household expenses $ 200 Credit cards and other loans: $500 Other expenses: $ |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 422808 | Paying off credit cards | B | $24,999 @ 25% | Sep 04, 2009 | Withdrawn |
| 423210 | Paying off credit cards | B | $16,500 @ 25% | Sep 08, 2009 | Expired |
| 446182 | Paying off credit cards | B | $9,500 @ 28% | Feb 09, 2010 | Expired |
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