Home Improvement Project
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 31% |
| Lender Rate: | 10% | Borrower: | ALR_financial |
| Finished | State: | MA | |
| Funded: | 100% | Group: | Not Active |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-07-31 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Jul 31, 2007 | Current |
| Feb 20, 2008 | Payoff in progress |
| Feb 23, 2008 | Paid |
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Purpose of loan: I will be using the money to finance a home improvement project. This project will significantly add value to my home and I plan to live there for at least another 2/3 years before I move on to a bigger home and family. A home equity loan would probably be less expensive but I currently don?t have much equity in this property since I only purchased it 1 ½ yrs ago. I also would like to avoid the option of paying back a home equity line over many years. I would prefer a Prosper loan that will require me to repay the loan in 3 years or less. My financial situation: My financial situation is very solid and I have a strict budget that I follow each month. I?ve been steadily employed full time in the financial industry since I graduated college in 1997. The past 8 years I?ve been employed by the same asset management company. The job is stable, pays well and the future is bright. I have over $120K saved in my 401k account and a liquid portfolio of securities currently worth approximately 15K. I paid off all my student loans within 4 years of graduating college and I currently do not have an auto loan. My only debt obligations each month are my mortgage payment and credit cards. Below is a budget of my other expenses each month. Any additional funds remaining from this loan after the home improvement project will be re-directed towards other investments or lending on Prosper. I?m fully committed to repaying my debts on time each month as you can see from my credit rating and history. I will not jeopardize this excellent rating and hard work over the years by defaulting on any loans. Your investment in me is very much appreciated. Thanks Very Much. Monthly net income: $ 5,000 Monthly expenses: $ Housing: $ 1160 (mortgage) + $240 Condo association fee Insurance: $ 0.00 (Paid via condo fees) Car expenses: $ 250.00 Utilities: $ 150.00 Phone, cable, internet: $ 175.00 Food, entertainment: $ 275.00 Clothing, household expenses $ 375.00 Credit cards and other loans: $ 300.00 Other expenses: $ 150.00 |
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