Listing Profile Bid History Loan History
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Listing Title


Loan Information
Loan Status: Current Origination Date: 2008-07-29 Payments Made: 4 of 36 Total Payments: $1174.33 / $9000.00

Listing Summary

  

Borrower Info
Requested Amount: $9000.00
Lender Rate: 10.00%
Automatic Funding: No
Percent Funded: 100%
Monthly Payment: $290.40
 
Borrower: xyzanon
Location: FL
Group: (NoGroup)
Group Fee: 0.00%

Credit Profile
Credit Grade: AA Homeowner: Yes Account Verified: Yes Debt To Income: 15%

Extended Credit Data
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Listing Description
Purpose of loan:
This loan will be used to pay the emergency assessments on the condominium building, replace the balusters, need to paint the building, replace the elevator, have the fire-safety equipment updated and other minor repairs, since the building is over 40 years old and has to have certain items certified under the current code. 

My financial situation:
I am a good candidate for this loan because I have never been late on my mortgage, taxes, maintenance or any credit payment. I have been making installments towards the special assessment of $100 monthly. I have a small loan with my credit union [appr. $2,000] and have never been late with that.My credit card balance is less than $300 and I live a very frugal life. When the first special assessment, in 2006, was issued I sold my car to pay it. I do not have cable or a cell phone. I have been gainfully employeed, full-time for over 30 years. I currently have a retirement account, for public employees, with my employer. My 'debt to income' ,16%, ratio is not acceptable to be eligible for any other type of loan. When I receive the loan from you I will, also, pay off my credit union loan, my current installment of $77 monthly.

I attempted to get a home equity loan, but that isn't possible since I have only been an owner for 3 years and do not have the equity necessary. The amount of equity has been impacted by the current housing economy, by about 7 to 10%. I have no other source to borrow the money from and I have been so stressed about my situation. I would be eternally grateful if I could borrow this amount.