To purchase a house in forcloser for cash
| Listing Information | |||
|---|---|---|---|
| Amount: | $20,000.00 | Status: | Cancelled |
| Grade: | A | DTI: | 18% |
| Lender Rate: | 11% | Borrower: | rkbeachrentals21 |
| Finished | State: | FL | |
| Funded: | 100% | Group: | (No Group) |
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Purpose of loan: Purchase a forclosed 3 bed 2 bath 1 car 1548 sq. ft. house for cash. 40% below market value. I have $50,000. I need $30,000 more. $20,000 prosper, $10,000 prosper or I can use my line for the $10,000 My financial situation: I have never missed a payment ever. My car and boat ect. are paid for. My credit score last 15+ years 775-810. Now 735--755 due to mortgages on rental property and too many inquires from getting loans to buy sell houses. I have been in realstate business for 18 years. I have 8 rental properties cash flow positive. Three are paid for. I also buy rehab and sell houses. Excellent credit is the life blood of this business. One late payment would make it harder to get a loan and I would have to put a larger down payment down. I would get a higher interest rate too. I also have a retail, wholesale store that sells tools ect. I have been in business for 23 years 8 months. Everything including inventory is paid for. Disputeof debt to income ratio. $135,300 ,$1035 month payment is for line of credit heloc second morgage, paid by rental income. Only $107 on credit cards. No other debt. This is a safe loan due to i could loss homes, business, ect. if delinquent. Than you for reading my post. Monthly net income: $ 9333.00 Monthly expenses: $2157 Housing incl.tax insurace: $ 1248 Insurance: $ 82 Car expenses: $ 120 Utilities: $ 190 Phone, cable, internet: $ 135 Food, entertainment: $ 210 Clothing, household expenses $ 110 Credit cards and other loans: $22 Other expenses: $ 40 Total mortgage payments rentals inc.taxes insuranc: $10,227 Income from rents: $11,850 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 233504 | To purchase a house in forecloser for cash | A | $20,000 @ 16% | Nov 18, 2007 | Loan created |
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