New Home...Needs some work!!

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Listing Information
Amount: $5,600.00 Status: Loan created
Grade: B DTI: 12%
Lender Rate: 13% Borrower: schoenjn
Time Left: Finished State: OH
Funded: 100% Group: (No Group)
Loan Information
Loan Status: Current Origination Date: 2008-09-09 EricsCC ROI: 12%
Status History
Sep 09, 2008 Current
Purpose of loan: 

I recently purchased a home and am looking to do some home renovations while I am living in it.  I bought this house with the intent to make it a permenant residence over the next 10-15 years.  The house is 70 years old with a lot of potental but needs some up dating and rewiring.

My financial situation: 

I am a good candidate because in January of 2008 I started at a public accounting firm and currently make $48,000 and by receiving this loan it will allow me to make the necessary renovations to make my house a home. I realize the responsibility I have taken on and understand the need to payoff my debts to keep my credit score up.

Monthly net income: $ 4,000.00 (Before taxes)

Monthly expenses: $
  Housing: $ 1200.00
  Insurance: $ 70.00
  Car expenses: $ 100.00
  Utilities: $ 350.00
  Phone, cable, internet: $ 200.00
  Food, entertainment: $ 150
  Clothing, household expenses $ 200
  Credit cards and other loans: $ 250
  Other expenses: $ 0
Borrower's Other Listings
204319 Last quarter of college. Need Help!! C $5,500 @ 19% Sep 20, 2007 Loan created

 

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