RELIST Who hates MEGA Banks
| Listing Information |
| Amount: | $9,999.00 |
Status: | Loan created |
| Grade: | C |
DTI: | 34% |
| Lender Rate: | 14% |
Borrower: |
dale292
|
| Time Left: | Finished |
State: | IA |
| Funded: | 100% |
Group: |
(No Group) |
| Loan Information |
| Loan Status:
| 2 months late |
Origination Date:
| 2007-11-27 |
EricsCC ROI:
| -43% |
| Status History |
| Nov 27, 2007 |
Current |
| Oct 12, 2008 |
Late |
| Oct 28, 2008 |
1 month late |
| Nov 28, 2008 |
2 months late |
|
I am looking to obtain a down payment for a home loan. I currently own my home that I live in. I spoke with my bank in reference to getting a loan and they told me there willing to lend but I have to get the down payment else ware. I owe $92,000 on the house that I live in and I am looking to purchase a home in another town for 139900. The reason I need the down payment is due to me not selling my home I own. I will be renting it out and taking the income to pay down this loan. The expected in come will be 500/ month. I am also in the process of getting a better job IE higher paying. I have two interviews in the area of the new home this week and prospects are looking very good. Expected starting income of 45000+ in the same line of work that I am currently in, I am a correctional officer for the state. I have been for more than 2 ½ years. The possibility of selling my house is there but I need to wait until the housing market improves in my area. I believe the home to be valued at 135,000 currently. I have to explain my debt to income. I was married in May of this year. I had to barrow from prosper to pay for the wedding. Payment is 222.15, I also had to do some more home improvements and took out a second home mortgage for 15000 and the payments are 225. This is the last credit inquiry. My current home payment is 750 and I have a car payment of 400. This looks like a lot of money out of my pay check but my DTI does not reflect my wife?s income of take home 1000 biweekly Income take home Me 965 wife 1000 bi weekly Home 375 bi weekly 2nd home 225 Prosper 222.15 Car 195.02 biweekly Student loans 175 per month Monthly income 3930 Monthly expenses 1759.19 Left over 2170.81 Add rent 500 Subtract future prosper and mortgage 839 +367= 1206 Left over 1464 for living and all other expenses in the month and savings These figures do not include my automatic savings plans that come out of my checks of 6240 per year for retirement and rainy days I have 9900 in one retirement account I have 4000 in another I have 2000 in another And have 2000 cash on hand As you can see I don?t need the loan but I would rather have this rather than not. {Safety cushion} I am also an avid prosper loaner. Any Questions feel free to ask I will answer to the best of my abilities. |
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|
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