Obama Got Deal on Home Loan

Looks like Obama got another deal from lenders to finance one of his mansions. Of course nobody will criticize him for this, as the Obamessiah can’t do no wrong. With the so-called mortgage crisis making headlines, this shows once again Obama is a typical politician, and not the “change” that his marketing people have come up with.

“The freshman Democratic senator received a discount. He locked in an interest rate of 5.625 percent on the 30-year fixed-rate mortgage, below the average for such loans at the time in Chicago. The loan was unusually large, known in banker lingo as a “super super jumbo.” Obama paid no origination fee or discount points, as some consumers do to reduce their interest rates.”

Source: Washington Post

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