Rental Property Loan
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 50% |
| Lender Rate: | 18% | Borrower: | motokam |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | 1 month late | Origination Date: | 2008-01-04 | EricsCC ROI: | -35% |
| Status History | |
|---|---|
| Jan 03, 2008 | Current |
| Dec 20, 2008 | Late |
| Jan 05, 2009 | 1 month late |
|
Purpose of loan: This money will be used to make a down payment for a rental house. My financial situation: My wife and I are doing well at our jobs but we want more. I have always wanted to own investment homes but never did anything about it. Now is the time to buy here in Modesto. The problem is we don't have the cash to begin. There are several houses in Modesto that are listed below market value that I can refinance and defer much of our current debt and move toward another property. Monthly net income: $ 7000 Monthly expenses: $ Housing: $ 2800 Insurance: $ 250 Car expenses: $ 700 Utilities: $ 250 Phone, cable, internet: $ 150 Food, entertainment: $ 350 Clothing, household expenses $ 250 Credit cards and other loans: $ 1700 Other expenses: $ 200 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 226407 | Consolidation Loan | A | $25,000 @ 17% | Nov 05, 2007 | Expired |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|