Money for Real Estate Investment
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 13% |
| Lender Rate: | 10% | Borrower: | christina25 |
| Finished | State: | UT | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-08-09 | EricsCC ROI: | 8% |
| Status History | |
|---|---|
| Aug 10, 2007 | Current |
|
Purpose of loan: I own a small house that I purchased at foreclosure with cash. I got a great deal on the house, but it needs a lot of fix up to sell it for a good profit. I need a loan to pay for the fix-up. As a Realtor, I have been selling homes on behalf of investors for over a year. My financial situation: I have never ever missed a payment for anything. I have a lot of equity in other assets and deals. Monthly net income: $ 7000 Monthly expenses: $ Housing: $ 1000 Insurance: $ 150 Car expenses: $ 150 Utilities: $ 50 Phone, cable, internet: $ 40 Food, entertainment: $ 500 Clothing, household expenses $ 300 Credit cards and other loans: $ 200 Other expenses: $ this leaves me with about $4000 a month to make my payments on this loan of about $700, and $3000 more to pay it off quicker and provide a buffer zone. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 176373 | Money for Real Estate Investment | AA | $20,000 @ 15% | Jul 25, 2007 | Withdrawn |
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