Fundublog Loans - Everything one needs to know

The issue of special mortgage loans to public officials came back to hound Sen. Barack Obama (D-IL) on Wednesday after the Washington Post reported that he had received a loan for his $1.65 million mansion in Chicago below current market rates.

Obama received a $1.32 million loan from Northern Trust shortly after he became a senator, the Post said. The 30-year, fixed-rate mortgage had a 5.62% interest rate, below the current 6% at the time in Chicago. Read more
Courtesy: www.allheadlinenews.com

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