Zero DQ's! 27% DTI, 110% Vested = No Risk!!! Why not?
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Cancelled |
| Grade: | AA | DTI: | 0% |
| Lender Rate: | 17% | Borrower: | frugal12 |
| Finished | State: | AZ | |
| Funded: | 0% | Group: | LendersClub |
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Purpose of loan: LENDER AND REALTOR READY TO INVEST Buy a home at auction for under 50% of value with this and other funds I have already If they pay before auction or I get outbid, we will find another one. Have $27,000.00 + invested in Prosper already as easy collateral. Basically no risk within Prosper Stated Monthly Prosper income: $1,164.39 IF ALL PAY ... Wouldn't that be nice! And since we cannot reinvest this, it will be Income! My financial situation: DTI 27% Actual realty income so far this year: $30,283.00 One purchase in escrow for November 2 offers are on the table to close Nov. Average monthly gross income this year: $3,028.30 Doubling my income over last year Same Plan next year. Average monthly business expenses: 1000 to 1500 (Paid monthly, quarterly, semi-annually, and yearly) CC1 @ 1.90% life of loan balance 2392 auto pay 30 CC2 @ 1.99% short term balance 6822 auto pay 150 this will raise early 2009 CC3 @ ??? Paid Off monthly Home debt info: According to the mtge co, 1st loan is less than 75% LTV 175000 @ 6.5% fixed PITI 1371 Recap Monthly Gross Income: $4,172.69 Recap Monthly Expenses: 3,051 Estimated Monthly Net: $1,121.69 This does not include my wife's income, which handles the incidental bills. As J. Paul Getty once said, "I would rather have 1% of 100 peoples efforts than just 100% of my own" Your funds are appreciated and will be returned with interest. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 276911 | Foreclosure Investment | AA | $24,000 @ 16% | Feb 07, 2008 | Withdrawn |
| 279596 | Share the Real Estate - AA credit | AA | $25,000 @ 25% | Feb 14, 2008 | Loan created |
| 316438 | Very Safe!!! Present LENDER expanding portfolio. | AA | $24,000 @ 12% | Apr 26, 2008 | Expired |
| 324797 | ON VACATION! You Help Us Decide | AA | $24,000 @ 7% | May 05, 2008 | Withdrawn |
| 335005 | Very Safe! LENDER with Prosper | AA | $8,888 @ 9% | May 20, 2008 | Expired |
| 358415 | Lender Will Pay You or Bank - 17%DTI | AA | $12,300 @ 10% | Jun 27, 2008 | Withdrawn |
| 359173 | No DQ's! Vested interest! No Risk! Why lend? | AA | $9,990 @ 10% | Jul 11, 2008 | Withdrawn |
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