Pay down mortgage on investment property
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 5% |
| Lender Rate: | 9% | Borrower: | festerZ |
| Finished | State: | TX | |
| Funded: | 100% | Group: | INVESTING in LIFE |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-09-06 | EricsCC ROI: | 8% |
| Status History | |
|---|---|
| Sep 06, 2007 | Current |
| Apr 04, 2008 | Payoff in progress |
| Apr 09, 2008 | Paid |
|
[This listing is a relisting because in the first two auctions I started the bidding interest rate way too low...] Purpose of loan: I own 5 properties, 2 of them are completely paid for. Of the 3 remaining mortgages, the highest interest rate is 8.5%. The purpose of this loan is two-fold. 1. To pay down a higher rate mortgage and 2. Establish a good credit history on prosper.com My financial situation: I have superb credit rating, and I could easily pay off this loan in cash at any point, if I wanted to. Monthly net income: $ 10,000 Monthly expenses: $ 5,100 Housing: $ 2000 Insurance: $ 100 Car expenses: $ 400 for gas Utilities: $ 200 Phone, cable, internet: $ 200 Food, entertainment: $ 1000 Clothing, household expenses $ 200 Credit cards and other loans: $ 1000 Other expenses: $ $5000/mo left to pay prosper |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 182033 | Pay down one of my mortgages | AA | $10,000 @ 8% | Aug 05, 2007 | Expired |
| 186806 | Pay down mortgage on investment property | AA | $10,000 @ 8% | Aug 14, 2007 | Expired |
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