Super Safe - Current Lender
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|Loan Status:||Paid||Origination Date:||2007-09-12||EricsCC ROI:||8%|
|Sep 11, 2007||Current|
|Nov 14, 2007||Payoff in progress|
|Nov 23, 2007||Paid|
Purpose of loan:
The loan I request is for some fix up for my rental property in San Antonio, Texas. The house is worth 150k and we have only a loan of 90k on it. The outside is already done and we just need to some touch up work inside so we can sell it for a good price and quick.
carpet - $3500
paint - $2000
new carbinet - $500
touch up - $500
reserve cash - $1000
total request - $7500
It will take about 2 month to fix up everything and another 3 months to get it sell, so I am looking for pay off the loan quick.
My financial situation:
I have enough cash in reserve but I believe I can have better return for keeping some of my cash. I have also have about $17,000 lend out on prosper, which help me earn about 14% interest. So I have no program to pay the monthly payment. Your investment will be 100% safe.
I jointed the Navy in 2006 and now is E4 which bring home about $3000 a month with housing allowance and special pay (my paystub show the monthly income).
My house in San Antonio is rented for $1200 with $886 mortgage payment.
I have paid off my credit every month. No other loan.
The only collection on my account is the unreasonable dental charge I've been fight for 4 years. I have the ability to pay it off but just don't feel right to let them charge so unreasonable.
Monthly net income: $
$3000 (from Navy)
$1200 (from rental)
Housing: $ 1066 $500 (rent in Maine)
Insurance: $ 50
Car expenses: $ 170
Utilities: $ 0 (included in rent)
Phone, cable, internet: $ 50 (for wireless phone only)
Food, entertainment: $ 300
Clothing, household expenses $ 50
Credit cards and other loans: $ 0
Other expenses: $ 200 (tax)
Total $ 2386Saving $ 1814As you can see, I have enough money to pay $236 payment.