Down payment to keep Mom's land in the family
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,500.00 | Status: | Loan created |
| Grade: | AA | DTI: | 10% |
| Lender Rate: | 10% | Borrower: | HoshiToshi2000 |
| Finished | State: | VA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-04-09 | EricsCC ROI: | 9% |
| Status History | |
|---|---|
| Apr 08, 2008 | Current |
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Purpose of loan: This loan will be used to make the down payment on a half an acre lot of wooded lakefront property in Maine. My mom bought this property many years ago with a friend of hers. Now, her friend wishes to sell her half. I would like to purchase it from her in order to keep it in my family, and maintain it for future generations. My financial situation: I am a good candidate for this loan because I honor my commitments. I'm fiscally conscientious and have a fair debt to income ratio. The bulk of my monthly expenses are household related as I recently purchased my first home. Currently, my consumer debt consists of less than $1000 on one credit card. I am employed full-time with an annual salary between $70k and $80k. Last but not least, I'm a veteran and an all-around good person. Thank you in advance for your consideration and support! |
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