Converting my vacation rental to solar power
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,500.00 | Status: | Loan created |
| Grade: | B | DTI: | 39% |
| Lender Rate: | 20% | Borrower: | SeeJayX2 |
| Finished | State: | WY | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2008-08-22 | EricsCC ROI: | 19% |
| Status History | |
|---|---|
| Aug 22, 2008 | Current |
| Oct 08, 2008 | Payoff in progress |
| Oct 11, 2008 | Paid |
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Purpose of loan: This loan will be used to convert our vacation rental to solar power. We just spent $40,000 to finish the basement and enclose the hot tub room this last spring. The contractor that did the work is in the process of converting his construction company from "traditional" construction to "green" construction and he would like to use our vacation home as a show home. If we pay for the eco-friendly upgrades he will supply the labor for free. Due to the fact that we just spent $40,000 of our savings we are not very liquid at the moment, but would hate to pass up the opportunity. My financial situation: I am a good candidate for this loan because I am very financially responsible and have not been late on a payment since 2002 and my assets far out weigh my liabilities. My Monthly net income: $ 5000 My Wife?s Monthly net income: $ 4000 Other Monthly Income: $ 2000 - Vacation Rental Income Total Family Monthly Income:$ 11,000 Monthly expenses: $ 6140 Housing: $ 1900 includes insurance and HOA Car expenses: $ 1290 includes insurance Utilities: $ 400 Phone, cable, internet: $ 100 Food, entertainment: $ 500 Clothing, household expenses $ 200 Credit cards and other loans: $ 1000 Other expenses: $ 750 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 371127 | Converting my vacation rental to solar power | B | $15,000 @ 15% | Jul 21, 2008 | Expired |
| 375370 | Converting my vacation rental to solar power | B | $7,500 @ 20% | Jul 30, 2008 | Expired |
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