Natural Stone Shoreline Erosion Protection
| Listing Information | |||
|---|---|---|---|
| Amount: | $3,500.00 | Status: | Loan created |
| Grade: | B | DTI: | 52% |
| Lender Rate: | 24% | Borrower: | portages |
| Finished | State: | MI | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-09-25 | EricsCC ROI: | 23% |
| Status History | |
|---|---|
| Sep 25, 2008 | Current |
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Purpose of loan: This loan will be used to… have installed along with my neighbors properties, a natural barrier to slow down and the loss of lake frontage that has been getting worse over the past few years. While I had not budgeted for this item this year, it wiould be cheaper for me to do it now while the heavy equipment is in place working on the adjacent lots. I am also utilizing some cash on hand for this project as it will become a part of my current residential property where I have been living for the past 25 years. I have been located in the same northern Michigan community since 1969. My financial situation: I am a good candidate for this loan because…I have an excellent 45 year history of credit and servicing debt with never any late or overdue obligations. While I do carry much credit at this time, part of it is related to an ongoing part time agency operated through my in home office. I also have a safety net of investments to resort to if necessary as a backup, as well as state pension and social security payments. Monthly net income: $ 5600 Monthly expenses: $ Housing: $ 2100 Insurance: $ 520 Car expenses: $ Utilities: $ Phone, cable, internet: $ Food, entertainment: $ Clothing, household expenses $ Credit cards and other loans: $ Other expenses: $ |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 386670 | shoreline seawall | B | $3,500 @ 18% | Aug 22, 2008 | Expired |
| 390567 | shoreline seawall | B | $3,500 @ 20% | Aug 30, 2008 | Expired |
| 394782 | shoreline seawall | B | $3,500 @ 22% | Sep 08, 2008 | Withdrawn |
| 398016 | Natural Stone Shoreline Erosion Protection | B | $3,500 @ 24% | Sep 14, 2008 | Expired |
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