<br><br><div class="gmail_quote">On Tue, May 20, 2008 at 6:02 AM, Eli Turkel <<a href="mailto:eliturkel@gmail.com">eliturkel@gmail.com</a>> wrote:<br><blockquote class="gmail_quote" style="border-left: 1px solid rgb(204, 204, 204); margin: 0pt 0pt 0pt 0.8ex; padding-left: 1ex;">
<div class="Ih2E3d">>><br>
>> In a slightly different vein I have never understood heter iska when there<br>
>> is no business involved, eg taking out a loan to finance a mortgage or a car<br>
>> loan or even to go on vacation. According to this classification is this<br>
>> still something positive?<br>
><br>
> I think a house - even a primary residence - is usually seen as an<br>
</div>> investment - and is in no way comparable to vacation/car [unless the car<br>
> is for business purposes]<br>
><br>
which means that the bank has a stake in the gain or loss of the house.<br>
In today's market no small risk<br>
<br>
<br>
--<br>
<font color="#888888">Eli Turkel<br>
</font></blockquote></div><br>Don't banks factor credit ratings into the mortgage costs? They certainly do for Home Equity Loans [helocs]<br>-- <br>Kol Tuv / Best Regards,<br>RabbiRichWolpoe@Gmail.com<br>see: <a href="http://nishmablog.blogspot.com/">http://nishmablog.blogspot.com/</a>