New Front Porch/Addition

| Listing Information | |||
|---|---|---|---|
| Amount: | $4,500.00 | Status: | Loan created |
| Grade: | B | DTI: | 15% |
| Lender Rate: | 11% | Borrower: | geocachenut |
| Finished | State: | MI | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2008-02-08 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Feb 08, 2008 | Current |
| Nov 21, 2008 | Payoff in progress |
| Nov 27, 2008 | Paid |
|
Purpose of loan: This loan will be used to build and new porch on the front of our home. We have owned this house for 7 years and have remodeled 75% of it on our own. My financial situation: I am a good candidate for this loan because my wife and I have a great work ethic. We both are in great positions in our own fields. After completing a tour in the Army I have been a Licensed Sign Specialist working at the same job for nearly 14 years. My wife has a great job in the County Government where she has worked for the past two years. We pay our debts in a very timely manner. Could easily get this loan from our bank....but simply wanted to give this a try. We have both researched peer to peer lending after hearing so much about it on CNN Financial. Monthly net income: My income $43293.23 and my wifes is $33,500.00 Monthly expenses: $ Housing: $900.00 Insurance: $185.00 Car expenses: $203.00 Utilities: $185.00 Phone, cable, internet: $105.00 Food, entertainment: $160.00 Clothing, household expenses $400.00 Credit cards and other loans: $ Other expenses: We do budget for those "unexpected" items... |
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