Posted on 08/05/2005 11:39:24 AM PDT by Andy from Beaverton
Yes, it's available to anyone crazy enough to want to pay more for their home than they have to.
Exactly what I was thinking. Now where did I put that koran........
Isn't this financial profiling?
I can just see the foreclosure situation here.
A scene straight out of the Middle East.
"We are here at Abdulas home where the evil bank is serving foreclosure papers. The large crowd of hooded young men are chanting "Death to America".....
Lease with option to buy = screwing customer
Do you have a problem with that?
Yes. If you want a bad deal.
If people think these Mohammedans are getting interest free loans, and paying principal only, they're wrong.
The way these things work is that an intermediary keeps the title of the house, and charges the Mohammedan the principal and RENT over and above the principal.
So, instead of paying interest, they pay "rent."
They are not getting a better deal than anyone else. When it's all said and done, it's probably a worse deal, but technically they are not paying any interest.
Is this not totally illegal on so many different levels: Separation of church and state, discrimination, breaking the fair housing clause (by law we cannot discriminate based on blah blah blah religion, ethnicity, sexual preference blah blah blah)?
Freddie Mac’s agreement to invest in the mortgages underscores its commitment to expand homeownership opportunities for all of America’s households,
Gee, will they go out on such a limb for me? Not likely. Isn't that religious discrimination against non-Muslims? Who likes to pay interest?
I take it you didn't actually read the article, then.
The intermediary is not working for free - it's definitely a worse deal. Also they can't take the interest deduction, so it's most definitely a worse deal. But they remain "pure"...
None of the above.
This IMO is good.
The MORE money they pay for their house, less money they have to fund islamic "charities" AKA terrorist finance fronts.
You mean the feral government, doncha?
LOL...so lemmie see if I got this straight. Allah doesn't approve of paying interest, but if you cook the books, call it something else, then Allah is okay with it? Do they really think they are pulling one over on Allah?
Wrong. Institutional racism dominates most college campuses to an extent you can't appreciate from the outside. From job promotions, to appointments, to favored student groups, scholarships, educational programs, speakers, and centers, it is all about being a member of a favored race, gender, and sexual preference.
You take it wrong. And don't doubt that they'll find some way to favor the muzzies, whether they legally are able to or not. This IS a government bunch we're talking about here....you know, "equality for all, unless you're not a member of a protected class, then you can get stuffed."
you are also one of those who don't read the article, just let your assumptions fly, and jump up and down screaming type huh?
Would you rather pay interest, or rent?
Because, that's exactly what these Mohammedans are paying when they choose to not pay interest.
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