Comments on: Introduction to Lending Club Peer-to-Peer Lending http://www.moolanomy.com/1111/introduction-to-peer-to-peer-lending/ Personal Finance. Investing. Wealth Building. Sat, 20 Mar 2010 18:13:48 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Tina http://www.moolanomy.com/1111/introduction-to-peer-to-peer-lending/comment-page-1/#comment-24623 Tina Sun, 15 Nov 2009 06:21:05 +0000 http://www.moolanomy.com/?p=1111#comment-24623 Hello. I would like information on P to P lenders, who are interested in mortgage loans. This is the situation. I have a home improvement business. I purchase ONE house a year to renovate and sell. The most I have ever paid for one of these properties is $180,000. The longest that I have ever had one is 1-1/2 years. I hate dealing with mortgage companies, because they want things to be fixed before loan approval, but if I am going to gut and renovate a house, why should I replace a worn bathroom floor, BEFORE I buy the house? I am offering 8% APR, amortized for 30 years, but will only need it for 2-3 years tops, and it is secured by the real estate itself. I have a 700+ credit score. I would appreciate any information anyone can give. Hello. I would like information on P to P lenders, who are interested in mortgage loans. This is the situation. I have a home improvement business. I purchase ONE house a year to renovate and sell. The most I have ever paid for one of these properties is $180,000. The longest that I have ever had one is 1-1/2 years.
I hate dealing with mortgage companies, because they want things to be fixed before loan approval, but if I am going to gut and renovate a house, why should I replace a worn bathroom floor, BEFORE I buy the house?
I am offering 8% APR, amortized for 30 years, but will only need it for 2-3 years tops, and it is secured by the real estate itself. I have a 700+ credit score.
I would appreciate any information anyone can give.

]]> By: PFI Weekly Updates – March 10 (2009) http://www.moolanomy.com/1111/introduction-to-peer-to-peer-lending/comment-page-1/#comment-24119 PFI Weekly Updates – March 10 (2009) Mon, 12 Oct 2009 21:38:38 +0000 http://www.moolanomy.com/?p=1111#comment-24119 [...] 3 – Pinyo at Moolanomy posts a must read introduction to Peer-to-Peer Lending. [...] [...] 3 – Pinyo at Moolanomy posts a must read introduction to Peer-to-Peer Lending. [...]

]]> By: * Lending Club Review, Peer-to-Peer Lending http://www.moolanomy.com/1111/introduction-to-peer-to-peer-lending/comment-page-1/#comment-23511 * Lending Club Review, Peer-to-Peer Lending Fri, 04 Sep 2009 18:04:26 +0000 http://www.moolanomy.com/?p=1111#comment-23511 [...] corresponds to a portion of a borrower loan.To learn more about how this system works, please read Introduction to Peer-to-Peer Lending.Lenders can fund borrowers selected for their good credit.14% of loan applications approved to [...] [...] corresponds to a portion of a borrower loan.To learn more about how this system works, please read Introduction to Peer-to-Peer Lending.Lenders can fund borrowers selected for their good credit.14% of loan applications approved to [...]

]]> By: -> Introduction To Peer-To-Peer Lending: Review And Signing Up To Use Lending Club | Bible Money Matters http://www.moolanomy.com/1111/introduction-to-peer-to-peer-lending/comment-page-1/#comment-22948 -> Introduction To Peer-To-Peer Lending: Review And Signing Up To Use Lending Club | Bible Money Matters Thu, 06 Aug 2009 12:02:06 +0000 http://www.moolanomy.com/?p=1111#comment-22948 [...] Intro to Peer To Peer Lending [...] [...] Intro to Peer To Peer Lending [...]

]]> By: Scott Langmack http://www.moolanomy.com/1111/introduction-to-peer-to-peer-lending/comment-page-1/#comment-22507 Scott Langmack Sat, 18 Jul 2009 01:58:35 +0000 http://www.moolanomy.com/?p=1111#comment-22507 I've just completed a new website called PeerLendingWealth.com which provides a road map for creating an ultra low risk approach to peer lending, while providing returns of 10-14% per year. The opportunity has arisen by disintermediating the banks, and keeping the profit they typically make for yourself. To date, most peer lending has been haphazard as the books and blogs written on the topic completely miss the opportunity. By following these proven techniques, anybody can exceed 10% per year without risking principal. The methods are banking methods – create a broadly diversified portfolio of loans to very low risk people, knowing that a small percentage will default. By having a broadly diversified portfolio, the few defaults that do happen are simply part of the plan, and still enable investors to earn over 10%. The site features analysis and simple charts of statistical probabilities of expected returns and the predictability of default levels, all based on techniques that I have used to successfully to earn an average annual return of over 13%. PeerLendingWealth.com takes out the mystery and uncertainty of peer-to-peer lending. I’ve just completed a new website called PeerLendingWealth.com which provides a road map for creating an ultra low risk approach to peer lending, while providing returns of 10-14% per year. The opportunity has arisen by disintermediating the banks, and keeping the profit they typically make for yourself. To date, most peer lending has been haphazard as the books and blogs written on the topic completely miss the opportunity. By following these proven techniques, anybody can exceed 10% per year without risking principal. The methods are banking methods – create a broadly diversified portfolio of loans to very low risk people, knowing that a small percentage will default. By having a broadly diversified portfolio, the few defaults that do happen are simply part of the plan, and still enable investors to earn over 10%. The site features analysis and simple charts of statistical probabilities of expected returns and the predictability of default levels, all based on techniques that I have used to successfully to earn an average annual return of over 13%. PeerLendingWealth.com takes out the mystery and uncertainty of peer-to-peer lending.

]]> By: Chiko http://www.moolanomy.com/1111/introduction-to-peer-to-peer-lending/comment-page-1/#comment-21381 Chiko Fri, 22 May 2009 11:52:04 +0000 http://www.moolanomy.com/?p=1111#comment-21381 I tried to sign up, but I guess you can't use it if you live in Maryland? Can anyone help me out, cause I really want to sign up to LengingClub I tried to sign up, but I guess you can’t use it if you live in Maryland? Can anyone help me out, cause I really want to sign up to LengingClub

]]> By: Reader Question: Should $15,000 be invested in P2P Lending or in a Better Mortgage? http://www.moolanomy.com/1111/introduction-to-peer-to-peer-lending/comment-page-1/#comment-20980 Reader Question: Should $15,000 be invested in P2P Lending or in a Better Mortgage? Wed, 29 Apr 2009 16:39:47 +0000 http://www.moolanomy.com/?p=1111#comment-20980 [...] I would not invest in peer to peer lending. Readers of The Dough Roller know that I have loans invested with both Prosper and Lending Club. [...] [...] I would not invest in peer to peer lending. Readers of The Dough Roller know that I have loans invested with both Prosper and Lending Club. [...]

]]> By: My Journey http://www.moolanomy.com/1111/introduction-to-peer-to-peer-lending/comment-page-1/#comment-20060 My Journey Wed, 25 Feb 2009 17:34:04 +0000 http://www.moolanomy.com/?p=1111#comment-20060 Bob there are NO stocks that might not cut their dividend...J.P. Morgan cut their dividend from 38 cents to 5 cents for the first time in 30 years. I think one point Pinyo missed (I am sure he covered it in another review) is that the venture into p2p lending is not correlated to the market. Bob there are NO stocks that might not cut their dividend…J.P. Morgan cut their dividend from 38 cents to 5 cents for the first time in 30 years. I think one point Pinyo missed (I am sure he covered it in another review) is that the venture into p2p lending is not correlated to the market.

]]> By: Bob http://www.moolanomy.com/1111/introduction-to-peer-to-peer-lending/comment-page-1/#comment-19861 Bob Tue, 10 Feb 2009 15:34:42 +0000 http://www.moolanomy.com/?p=1111#comment-19861 LOL what a waste of time at these rates, you are giving your money away. You are lending out money to unsecured borrowers at rates reserved for prime and known borrowers. Your local bank would never lend below 9% (best rates) for a personal loan to the most credit worthy borrowers, why are you lending at rates below that? You're chasing 3-4% above CD rates and adding so much risk. You're better off buying high yielding stocks who won't cut their dividend, a Verizon for example paying 6%. LOL what a waste of time at these rates, you are giving your money away. You are lending out money to unsecured borrowers at rates reserved for prime and known borrowers. Your local bank would never lend below 9% (best rates) for a personal loan to the most credit worthy borrowers, why are you lending at rates below that?

You’re chasing 3-4% above CD rates and adding so much risk. You’re better off buying high yielding stocks who won’t cut their dividend, a Verizon for example paying 6%.

]]> By: Personal Finance News Carnival Volume 1 | Peak Personal Finance http://www.moolanomy.com/1111/introduction-to-peer-to-peer-lending/comment-page-1/#comment-19858 Personal Finance News Carnival Volume 1 | Peak Personal Finance Tue, 10 Feb 2009 06:03:32 +0000 http://www.moolanomy.com/?p=1111#comment-19858 [...] Bhulipongsanon presents Introduction to Peer-to-Peer Lending : Moolanomy posted at [...] [...] Bhulipongsanon presents Introduction to Peer-to-Peer Lending : Moolanomy posted at [...]

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