assessments
| Listing Information | |||
|---|---|---|---|
| Amount: | $9,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 15% |
| Lender Rate: | 10% | Borrower: | xyzanon |
| Finished | State: | FL | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-07-29 | EricsCC ROI: | 9% |
| Status History | |
|---|---|
| Jul 29, 2008 | Current |
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Purpose of loan: This loan will be used to pay the emergency assessments on the condominium building, replace the balusters, need to paint the building, replace the elevator, have the fire-safety equipment updated and other minor repairs, since the building is over 40 years old and has to have certain items certified under the current code. My financial situation: I am a good candidate for this loan because I have never been late on my mortgage, taxes, maintenance or any credit payment. I have been making installments towards the special assessment of $100 monthly. I have a small loan with my credit union [appr. $2,000] and have never been late with that.My credit card balance is less than $300 and I live a very frugal life. When the first special assessment, in 2006, was issued I sold my car to pay it. I do not have cable or a cell phone. I have been gainfully employeed, full-time for over 30 years. I currently have a retirement account, for public employees, with my employer. My 'debt to income' ,16%, ratio is not acceptable to be eligible for any other type of loan. When I receive the loan from you I will, also, pay off my credit union loan, my current installment of $77 monthly. I attempted to get a home equity loan, but that isn't possible since I have only been an owner for 3 years and do not have the equity necessary. The amount of equity has been impacted by the current housing economy, by about 7 to 10%. I have no other source to borrow the money from and I have been so stressed about my situation. I would be eternally grateful if I could borrow this amount. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 358975 | assessments | AA | $10,000 @ 8% | Jun 28, 2008 | Withdrawn |
| 361235 | assessments | AA | $10,000 @ 10% | Jul 02, 2008 | Withdrawn |
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