Lowering Interest Rate
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,000.00 | Status: | Withdrawn |
| Grade: | B | DTI: | 32% |
| Lender Rate: | 21% | Borrower: | decorator123 |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
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Purpose of loan: I currently have a loan from Beneficial at 29% and would like replace that with a Prosper loan. Also, I would like to have some reserves in my account as security especially since currently I'm not making the extra Real Estate income. My financial situation: I have 2 careers. As a teacher of 10 years, I am a permanent employee in my district. I own 2 houses and a condo, which are all rented for an amount that pays the mortgages for a total of $5,200. I also am a licensed Realtor and have the ability to attain at least $10,000. off of one transaction. I'm working on getting some transactions in process but really need the loan in the mean time since Real Estate business has really slowed in the Bay Area. My real estate income for 2005 was $42,000 and for 2006 $62000. This resulted in having an income of over $100,000. combined income with two careers in each of the last two years. I have excellent credit and the only reason my fico is is not higher is because I own 2 houses and a condo. All the poperties are currently rented and the mortgages are covered but banks seem to think that regardless my debt to income ratio is too high. Eventhough I explain in detail all my lease agreements, banks don't seem to take it into consideration when reviewing my loan requests.I just recently rented out my own home in order to gain more income and am currently living with a friend and he pays the rent. Also, I own a Land Rover Discovery 1999. Monthly net income: $ 6500. Monthly expenses: $ Housing: $ 1500. Insurance: $ 275. Car expenses: $ 200. Utilities: $ 150. Phone, cable, internet: $ 40. Food, entertainment: $ 300. Clothing, household expenses $ 150. Credit cards and other loans: $ 2,000. Other expenses: $ |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 216461 | Lowering Interest Rate | B | $25,000 @ 13% | Oct 15, 2007 | Expired |
| 219794 | Lowering Interest Rate | B | $15,000 @ 14% | Oct 22, 2007 | Cancelled |
| 223583 | Lowering Interest Rate | B | $15,000 @ 13% | Oct 30, 2007 | Loan created |
| 384477 | Lowering Interest Rate | B | $13,000 @ 23% | Aug 18, 2008 | Withdrawn |
| 389443 | Lowering Interest Rate | B | $8,000 @ 32% | Aug 27, 2008 | Withdrawn |
| 390525 | Lowering Interest Rate | B | $8,000 @ 35% | Aug 29, 2008 | Withdrawn |
| 390733 | Lowering Interest Rate | B | $7,000 @ 21% | Aug 30, 2008 | Loan created |
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Discussion For This Listing
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