--- In [email protected], "sparaig" <[EMAIL PROTECTED]> wrote:
> --- In [email protected], "shempmcgurk" 
> <[EMAIL PROTECTED]> wrote:
> > --- In [email protected], "sparaig" <[EMAIL PROTECTED]> 
> wrote:
> > > --- In [email protected], [EMAIL PROTECTED] wrote:
> > > >  
> > > > In a message dated 8/30/05 9:33:08 P.M. Central Daylight 
Time,  
> > > > [EMAIL PROTECTED] writes:
> > > > 
> > > > I'm  sorry, I find it difficult to believe that someone who 
is 
> > here 
> > > > illegally  is able to get a home mortgage unless they've 
> > established 
> > > a 
> > > > very good  false identity.
> > > > 
> > > > 
> > > > 
> > > > 
> > > > well maybe you'll believe it when one buys a home next door 
to  
> > you.
> > > 
> > > The question, of course, is how do illegals raise and save 
that 
> > much 
> > > money? Obviously, they either are drug dealing, or have some 
> > needed job 
> > > skill or they wouldn't be in a position to make that much.
> > 
> > 
> > That's an incredibly prejudiced remark.
> > 
> > When I was doing it, I sold many mortgage insurance policies to 
> > people who had minimum wage jobs or near minimum wage jobs that 
had 
> > smaller houses or mobile homes that put a few thousand dollars 
down 
> > and took out a mortgage for, say, $25,000 for the balance of the 
> > purchase price. At 6% interest on $25,000 over, say, 30 years, 
> > that's a mortgage payment of $149.88 a month.  That works out to 
be 
> > less than $40.00 a week for a mortgage.
> > 
> > You're saying someone earning minimum wage EVEN LIVING ALONE 
can't 
> > afford that?
> 
> In today's market?


Yes.





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