Balance of downpayment

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Listing Information
Amount: $4,500.00 Status: Loan created
Grade: B DTI: 4%
Lender Rate: 10% Borrower: spk21
Time Left: 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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