Deeded vacation property
| Listing Information | |||
|---|---|---|---|
| Amount: | $19,000.00 | Status: | Loan created |
| Grade: | AA | DTI: | 11% |
| Lender Rate: | 9% | Borrower: | sharp-power296 |
| Finished | State: | CO | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2011-09-26 | EricsCC ROI: | 7% |
| Status History | |
|---|---|
| Oct 08, 2011 | Current |
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Purpose of loan: This loan will be used to acquire a timeshare in the Hilton Grand Vacations Club network. Timeshare will be a deeded property and purchased resale through a broker. Through research and discussions with other owners it was determined this was the most economically sound approach in lieu of buying directly from the developer. Deeded properties are currently increasing in value within the HGVC network. My financial situation: My wife and I are gainfully employed and pay our credit card balances in full each month. We have no loans outstanding other than our home mortgage. |
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