Remodeling Lake Cottage

| Listing Information | |||
|---|---|---|---|
| Amount: | $12,000.00 | Status: | Loan created |
| Grade: | A | DTI: | 12% |
| Lender Rate: | 11% | Borrower: | light52 |
| Finished | State: | MI | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-10-25 | EricsCC ROI: | 8% |
| Status History | |
|---|---|
| Oct 30, 2007 | Current |
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The purpose of this loan is to finish converting the garage on my side lot into a lake cottage which I will be renting out during the summer months. My financial situation: I have been self-employed a freight dispatcher for the past 14+ years and have an excellent credit history with no delinquencies. I am able to provide proof of income if requested. I have chosen this sight as I am also going to become a lender at the same time. Please feel free to ask any questions. Thanks for looking. Monthly net income: $ 7,000+ Monthly expenses: $ Housing: $ 1800.00 Taxes & Insurance Included Insurance: $ Car 120.00 Car expenses: $ 744.00 Utilities: $ 100.00 Phone, cable, internet: $ 120.00 Food, entertainment: $ 400.00 Clothing, household expenses $ 300.00 Credit cards and other loans: $ 750.00 I currently pay myself $7,000 per month salary and keep the rest in a business account for taxes and other business related expenses. |
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