PURCHASING TOWNHOME
| Listing Information | |||
|---|---|---|---|
| Amount: | $10,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 23% |
| Lender Rate: | 11% | Borrower: | LittleRiverLender |
| Finished | State: | SC | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-07-11 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Jul 10, 2008 | Current |
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Purpose of loan: My offer on a townhome was accepted by the seller today (6-24-08). The puchase price is $194,500. The offer requires that I close in 30 days. I need to sell my home quickly or purchase the property and leave the tenents who are currently renting the townhome. The townhome was recently appraised for $265,000. If I am unable to sell my home quickly I will use this money for the downpayment on a fixed 30 yr mortgage. As soon as my home sells I will pay this loan off in full. My financial situation: As you see my credit is AA with 14% DTI ratio and the only outstanding debt I have is a mortgage. This is a no-brainer. Monthly net income: $3000 (not including my wife's income of $1500 per mth) Monthly expenses: $ Housing: $1475 Insurance: $130 Car expenses: $490 Utilities: $200 Phone, cable, internet: $98 Food, entertainment: $250 Clothing, household expenses $varies Credit cards and other loans: $ Other expenses: $ |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 234169 | HELP ME INVEST IN THE COMPANY I WORK FOR......MASSIVE GROWTH | AA | $2,500 @ 7% | Nov 19, 2007 | Loan created |
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