busy day
on 07/02/2008 at 12:39 PM
Let’s see, that amount at that rate for 30 years = $7,598.66 per month, not including taxes and insurance. That’s $91,183.092 per year, again before taxes and insurance. Even on a US Senator’s pay, that’s over half of his yearly income. What kind of money does his other half make?
About the time that Obama was getting this sweetheart deal, I purchased the house I live in now. 5.625% interest rate. No points at all. Our credit rating was not bad, but was not perfect either. So...if I was able to do it on my own, with roughly the same terms (granted not nearly the size of Obama’s loan), what does that tell you about his credit rating and risk factor?
Just asking.
