Need to replace roof before the snow comes!
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,800.00 | Status: | Loan created |
| Grade: | AA | DTI: | 9% |
| Lender Rate: | 7% | Borrower: | karpman3 |
| Finished | State: | CA | |
| Funded: | 100% | Group: | ALL DOCTORS MD,DO,OD,DDS,DMD,PhD,DVM,DPM,DC,PharmD,J |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-09-08 | EricsCC ROI: | 6% |
| Status History | |
|---|---|
| Sep 05, 2008 | Current |
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Purpose of Loan: The HELOC on my house was recently frozen by my bank because of falling home prices everywhere. Normally, this wouldn?t be a problem, but I have recently contracted with a company to replace the roof of the house and they are ready to start. I was going to use the HELOC to cover the construction costs, but now I need a loan to cover the costs while I negotiate with my bank to reinstate the HELOC. So I knew that Prosper would be a great place to come for a loan. Why I'm a Good Candidate: I am a good candidate for this loan for several reasons: 1) I have been a Prosper Lender for 2 years and wouldn?t want to hurt my relationship with the company; 2) I have excellent credit and would never do anything to hurt my credit score; and 3) I have a good job and cash flow to afford this loan. So, there would be very little risk to your bid on this loan. However, I can?t guarantee that I will hold this loan for the full 3 years. Budget: Income: $5455 (includes income from a rental) Expenses: $5017 Housing: $ 2550 Insurance and Taxes: $ 1013 Food: $733 Auto: $75 Utilities: $221 Entertainment and Dining Out: $125 Charity: $300 Credit cards: approx. $100 Free cash flow: $338 |
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