Share the Real Estate - AA credit
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 0% |
| Lender Rate: | 25% | Borrower: | frugal12 |
| Finished | State: | AZ | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2008-02-27 | EricsCC ROI: | 24% |
| Status History | |
|---|---|
| Mar 01, 2008 | Current |
| Apr 19, 2008 | Payoff in progress |
| Apr 22, 2008 | Paid |
|
Purpose of loan: Buy a property for cash and finance it within a year for amount paid or more. Backup plan is to buy it for 30% Down. Of course I want the interest rate bid down. I consider this sharing in our blessings. Experience: as an investor, landlord, handy guy, homeowner. I can do plumbing, electrical, wood floors are a pain to sand, and more. My wife and I put Anderson windows in our Minnesota home. Just because we are grandparents does not mean we want to sit on our rockers all day, just occasionally. My financial situation: Ten years ago I had the public record, it will be gone soon. I will fight tooth and nail to keep my present AA rating; it took me years to re-establish it. This would be our highest interest rate loan, therefore it will be paid off 1st! No need to dip into our retirement accounts, we get closer every day. We have more money in the bank than average folks. As long as we don't sell our stocks, we don't take a loss yet. 2 great vehicles with no loans. Want to buy wife a newer one and she would rather wait. Income gross: 2007 made lower than the average. 2008 should bypass that within 3 months. 2008 aiming for $100.000.00. January $0.00 February $10,656.00 closed and (2 in escrow) March Can't count any until they close escrow. Expenses monthly: $1,300.00 Personal home @ 84% LTV @ today's value (was 80% and loan was $9,000 higher 2.5 years ago) This is our present priority @ 6.5% and it is paid until May 31, 2008. $600.00 Credit Card @ 4.99% $50.00 Credit Card @ 1.99% (Automatic payment; our bank does better) $1,000.00 Business expenses approximate. N/A Living expense easily covered by wife's job. Ask away and bid as much as you'd like to get back. I am the 5 talents person; it does not belong to me. Let the marketplace speak. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 276911 | Foreclosure Investment | AA | $24,000 @ 16% | Feb 07, 2008 | Withdrawn |
| 316438 | Very Safe!!! Present LENDER expanding portfolio. | AA | $24,000 @ 12% | Apr 26, 2008 | Expired |
| 324797 | ON VACATION! You Help Us Decide | AA | $24,000 @ 7% | May 05, 2008 | Withdrawn |
| 335005 | Very Safe! LENDER with Prosper | AA | $8,888 @ 9% | May 20, 2008 | Expired |
| 358415 | Lender Will Pay You or Bank - 17%DTI | AA | $12,300 @ 10% | Jun 27, 2008 | Withdrawn |
| 359173 | No DQ's! Vested interest! No Risk! Why lend? | AA | $9,990 @ 10% | Jul 11, 2008 | Withdrawn |
| 371321 | Zero DQ's! 27% DTI, 110% Vested = No Risk!!! Why not? | AA | $25,000 @ 17% | Oct 15, 2008 | Cancelled |
|
Discussion For This Listing
|
||
|---|---|---|
|
No Comments Found For This Listing
|