Down payment and Roth IRA Funding
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Cancelled |
| Grade: | AA | DTI: | 19% |
| Lender Rate: | 10% | Borrower: | HighlightReelProductions |
| Finished | State: | GA | |
| Funded: | 100% | Group: | Atlanta Borrowers |
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Purpose of loan: I am interested in a personal loan for a down payment on a house and to fund my IRA for the current year. I recently switched companies from a $40,000 a year position to a $70,000 position and am not wasting any minute in preparing for my financial future. The steps I've decided to take are to purchase a house and make sure my IRA is funded the max $4,000 every year. The 30 years of interest I will earn on the Roth IRA is well worth the 3 years I have to pay for the current loan. I have borrowed from Prosper before and am very impressed with it's convenience and simplicity. My financial situation: I am a single 25 year old college graduate with no children or dependants. I have paid off my student loans and have completely paid off my car. I work as a financial analyst with a highly respected company and have no expensive hobbies. Monthly net income: $4142 after taxes Monthly expenses: $1435 Housing: $750 Insurance: $100 Car expenses: $60 (gas as I drive a Corrolla and live 4 miles from work) Utilities: $50 Phone, cable, internet: $100 Food, entertainment: $125 Clothing, household expenses $50 Credit cards and other loans: $100 Other expenses: $100 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 25244 | Small Business Equipment Upgrade | AA | $3,001 @ 8% | Jul 18, 2006 | Loan created |
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