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Strategies & Market Trends : Paint The Table

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To: Oral Roberts who wrote (1461)	11/9/2001 4:39:08 PM
From: Patrick Slevin	Read Replies (2) of 23786

Actually I'm not really worried about credit. I'm buying a property in the area and looking at shore homes in Jersey. If Wells Fargo decides I'm a lousy credit risk it's of no importance. It seems they have a hard time believing I haven't had a job in almost 11 years. I was just trying to take advantage of <what I thought was> an easy way to borrow at 7.375%. My income-producing debt instruments pay around 8.5, 9% so it seemed like a smart move to get 7.375% deductible but I'm not going to worry about it if the loan falls through. It's tough when you are unemployed, you have three kids in college/private schools, you have membership at two golf courses and you are trying to buy shorefront property. It's this recession stuff. It's difficult for people like me living on a budget.

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