Balance of downpayment
| Listing Information | |||
|---|---|---|---|
| Amount: | $4,500.00 | Status: | Loan created |
| Grade: | B | DTI: | 4% |
| Lender Rate: | 10% | Borrower: | spk21 |
| Finished | State: | NC | |
| Funded: | 100% | Group: | Duke University Alumni |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Paid | Origination Date: | 2006-10-23 | EricsCC ROI: | 10% |
| Status History | |
|---|---|
| Nov 06, 2006 | Current |
| Sep 13, 2008 | Payoff in progress |
| Sep 17, 2008 | Paid |
|
Dear Lender, I would like to use this loan for the balance of the down payment on a property. I have already saved enough for half of the deposit, but would like to increase the deposit to have a lower interest rate on the mortgage. I have no other debts, and a well-paid job as a business consultant with a leading international business process consulting company. I am also have a post-grade degree from Duke. Given no other debits, low debit-to-income ratios and a good income, I anticipate the loan will be paid off before term. I though I would try this route as an alternative to the bureaucratic inefficiency of the large banks. With thanks for your consideration and best wishes, Steven |
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