home repairs
| Listing Information | |||
|---|---|---|---|
| Amount: | $5,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 14% |
| Lender Rate: | 13% | Borrower: | cashewpeanuts |
| Finished | State: | NJ | |
| Funded: | 100% | Group: | FUTURE FINANCIAL FREEDOM 1 |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-06-28 | EricsCC ROI: | 12% |
| Status History | |
|---|---|
| Jun 28, 2007 | Current |
| Sep 05, 2007 | Payoff in progress |
| Sep 08, 2007 | Paid |
|
Purpose of loan:I need this money for the home improvement on another investment property. I putting down $15,000 of my own money, but will need another $10,000 for improvements. I didn't get a normal mortgage loan on the property because the amount of the house was a small amount. After the repairs are done the house will be worth $75,000. A price point I can get a loan against the house.I have prove of assets. My financial situation:I have couple hats. I am a retail manager and have been with my company for 13 years. I also a license realtors. I own my current home and own 6 other investment properties all in a positive cash flow position. I have a large 401k and as well company stock that can pay back the loan. I would rather not due to the capital gain taxes that I would have to pay. Monthly net income: $ 5,200 - + (investment - 3,100) total is $8,300 Monthly expenses: $ Housing: $ 2,000 Insurance: $ 50 Car expenses: $ 230 Utilities: $ 125 Phone, cable, internet: $ 150 Food, entertainment: $ 100 Clothing, household expenses $ 80 Credit cards and other loans: $ 300 Other expenses: $ 100 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 140487 | Home improvement | D | $25,000 @ 14% | May 20, 2007 | Withdrawn |
| 140996 | home repairs | D | $15,000 @ 13% | May 21, 2007 | Withdrawn |
| 141446 | home repairs | D | $15,000 @ 13% | May 22, 2007 | Expired |
| 199457 | expanding small business | E | $15,000 @ 12% | Sep 09, 2007 | Withdrawn |
| 199582 | expanding small business | E | $8,000 @ 12% | Sep 09, 2007 | Expired |
| 247744 | home improvement | D | $5,000 @ 14% | Dec 09, 2007 | Expired |
| 265390 | home improvement | D | $20,000 @ 13% | Jan 14, 2008 | Withdrawn |
| 266042 | home improvement | D | $25,000 @ 13% | Jan 15, 2008 | Withdrawn |
| 268470 | home improvement | D | $12,000 @ 13% | Jan 20, 2008 | Expired |
| 333395 | home improvement | B | $25,000 @ 28% | May 15, 2008 | Loan created |
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