Purchase Sailboat
| Listing Information | |||
|---|---|---|---|
| Amount: | $12,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 17% |
| Lender Rate: | 8% | Borrower: | Timbo1080 |
| Finished | State: | VA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2008-03-05 | EricsCC ROI: | 7% |
| Status History | |
|---|---|
| Mar 05, 2008 | Current |
| Mar 22, 2011 | Payoff in progress |
| Mar 29, 2011 | Late |
| Apr 27, 2011 | 1 month late |
| May 17, 2011 | 2 months late |
| Jun 07, 2011 | 3 months late |
| Jun 24, 2011 | Paid |
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Purpose of loan: This loan will be used to purchase a 30 ft sailboat. I have been looking to buy a bigger boat for a while and with the current economic downturn, it has become a buyers market. I have found a good boat, the survey checked out, and I am ready to buy. My financial situation: I am a good candidate for this loan because I am a CPA and as shown on my credit report, I understand the appropriate use of credit and the importance of paying money back. In addition, I have resources to utilize (401K, cash in Money Market account, equity line) should unexpected expenses arise. Take Home Income (net of taxes, 401K, insurance, etc.): 5000 per month Expenses: Mortgage 2200 Utilities 450 Food 300 Entertainment 300 Insurance 100 Student Loan 100 Slip Fee 300 Total Exp 3750 Remainder 1250 Loan (10%) 390 Remainder 860 |
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