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I would like to obtain this loan to remodel two homes. One is my primary residence the other my rent home. After the remodeling I will place the homes for sale. My residence will be put up for sale at $299,000, while I woe $203,000. My rent house will be put up for sale for $96,000 and I owe $54,000. I have worked in the chemical field for 20 consecutive years. I have no delinquencies and my credit rating is B class.Citifinancial Mortgage 6.5% $1314 a month with a balance of $203,000*___Countrywide Mortgage 6.0% $460 balance $39,900*___Wells Fargo (2nd Mortgage) 7.5% 169 $14,000___Wells Fargo (vehicle) 8.8% 538 $16,900__Merchants Mortgage (land) 10% $29,000___Home Insurance $200 a month___vehicle Insurance $120 a month___ Mastercard 14% $180 balance $30 a month___Visa 12% $723 $100 a month___Utilities $300 per month___Misc. fuel and groceries $700-800 per month Total per month $4369-$4439 My monthly income is approximately $8750 also my rent house brings in $850 per month with a total income per month $9600 |
