Help daughter get started

| Listing Information | |||
|---|---|---|---|
| Amount: | $6,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 17% |
| Lender Rate: | 10% | Borrower: | EastSideInvestments |
| Finished | State: | MI | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2007-09-13 | EricsCC ROI: | 9% |
| Status History | |
|---|---|
| Sep 13, 2007 | Current |
| Mar 13, 2010 | Payoff in progress |
| Mar 20, 2010 | Paid |
|
Purpose of loan: My daughter is now a pilot and she would like to buy her first home. Since she is busy paying off student loans, I would like to help her with a down payment. My financial situation: I have an excellent credit rating and my debt to income ratio is low which proves I know how to manage my money and pay my bills on time. I know some delinquencies are showing up on my credit report, but those are my wife's responsibility which she is working out. If anyone would like to know the details, please contact me and I can explain. Monthly net income: $ 6500 Monthly expenses: $ Housing: $ 1050 Insurance: $ 150 Car expenses: $ 225 Utilities: $ 240 Phone, cable, internet: $ 180 Food, entertainment: $ 400 Clothing, household expenses $ 100 Credit cards and other loans: $ 0 Other expenses: $ |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 296033 | Home improvements Needed | A | $10,000 @ 18% | Mar 20, 2008 | Withdrawn |
| 298659 | Home improvements Needed | A | $6,000 @ 17% | Mar 24, 2008 | Loan created |
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