Homestead mailing list

["Lynda" <lurine AT softcom.net>]

Less credit worthy are looking at 7% or even higher depending on how credit
unworthy they are.  Plus tack on insurance with the taxes depending on what
caused the sub-prime rating.

Lynda
----- Original Message -----
From: Don Bowen <don.bowen AT earthlink.net>
To: <homestead AT lists.ibiblio.org>
Sent: Tuesday, February 08, 2005 4:52 AM
Subject: Re: [Homestead] It is happening


> At 2/7/2005, you wrote:
>
> >Sub prime?
>
> Loans for the less credit worthy borrowers.
>
> >Let's see $500k at 30 years....
> >At 4% it's 2378.03/month comes out to 859.347.53 over the life of the
loan
>
> On that monthly add taxes of $6000 a year and insurance of around $600.
>
> Don Bowen                          Awl Knotted Up Woodworking
> http://www.braingarage.com