Rental Property Fix-ups
| Listing Information | |||
|---|---|---|---|
| Amount: | $17,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 47% |
| Lender Rate: | 12% | Borrower: | successful06 |
| Finished | State: | UT | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2007-12-17 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Dec 14, 2007 | Current |
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Purpose of loan: This loan will be used to? Do some repairs and remodeling on a rental property we own. My financial situation: I am a good candidate for this loan because? I have been a lender here on Prosper for several months now and would like to borrow some money to do the repairs on our rental property. The property has over $20,000.00 in equity in it and could easily have $50,000 if the remodel is finished. My Husbands income is approx. $60,000.00 and mine is $27,000.00 a year. We have very little debt outside of the mortgages on our home and the rental property. Mortgage 1- $1500.00 Rental Mortgage- 800.00 Rental Income- 1000.00 Utilities- 300.00 Car Payment- $200.00 Insurance- 200.00 Other Expenses- $600.00- $1000.00 |
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