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Seattle officials join push for Sharia-compliant mortgages, loans

#65

Quote:All well and good, but how is a "reasonable" interest rate determined?  What is assumed as "fair" when coming up with the "fee"?  If using the conventional method (credit report) as part of the loan qualification process, would it be "reasonable" to charge a much higher interest rate (fee) for a lender?  Take a look at today's interest rates.  Would it be fair for a lender to charge a 15% or 20% "fee" on a loan?

 

I see this as a high risk proposition for mortgage lenders with very little payoff.  There is no way that I can see it as "good for business".

Except other places have already made plenty of profit off of it.  This isn't exactly a new idea.

I was wrong about Trent Baalke. 
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Seattle officials join push for Sharia-compliant mortgages, loans - by The Eleventh Doctor - 07-26-2015, 06:18 PM



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