That makes me jealous, the illegals being able to get a mortgage through some hispanic owned lending banks.?
Answer:
Yes, and they get better rates than US citizens.
Proof is in the pudding:
http://www.illinois.gov/pressreleases/sh...
Not as bad as use having to pay for their medical coverage!
How can that be if they are illegals? Doesn't the bank have to report the interest paid? I don't think that's right, because they aren't citizens. Are they being taken advantage of with high risk loans? Is this all done on the up and up? It doesn't seem right. Maybe your think about the ones who have been give a work permit or visa.
us5we2, You can bet your cowboy hat it's true. I heard about it some time at the end of last year. I remember soooo well because I was refinancing my house at the time. The report was the banks were lending to "illegals" so they could have a nice place to live...oh booo hooo
I didn't have banks standing in line to loan me money.
ALSO the way I understood it, it was not Hispanic owned banks.
It was just local banks.
sORRY DUDE BUT THATS A LIE IF IT WERE TRUE 40 BILLION DOLLARS IN 12 MILLION ILLEGALS THAT WOULD BE 330,000 EA. A YEAR LOL
I have not heard that.. but it would not surprise me..y do the banks think they are actually going to pay them back not that they care..The illegals have paid for very little yet..Of course, WE will pay in the long run..I am tired of being on sect. 8 and I would LOVE to buy a house but I can't even get a credit card little on a loan for a house or car and I know good and well the one illegals who are getting these loans don't have PERFECT credit and make good DECLARED (the key work) wages.. This is the thing: they will still be able to get welfare because now their expenses have increased.. go figure.. Expect the Americans interest rate to jump sky high when we get a loan to pay for theirs...
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