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A Place of Our Own |
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ACT III |
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How do you do? |
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Hello. |
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I'm Ralph Riley. |
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I'm Richard Stewart, and this is my wife, Marilyn. |
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Pleased to meet you. |
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Likewise, Mr. Riley. |
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Please, sit down. What can I do for you? |
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We'd like to discuss a mortgage. |
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For a house. |
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Fine. Are you buying a house |
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or are you refinancing your present home? |
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We're planning to buy a house. |
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And we'd like to find out about a mortgage. |
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We are customers of the bank. |
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As a matter of fact, my whole family banks here. |
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I have some questions to ask. |
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Do you own your house or do you rent? |
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Neither. |
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We live with my parents, Dr. and Mrs. Philip Stewart. |
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And how old are you? |
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I'm twenty-nine. |
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I'm thirty. |
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And, Mr. Stewart, what is your occupation? |
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I'm a freelance photographer. |
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And, Mrs. Stewart, are you working? |
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Yes. I'm a designer, and I work in a boutique. |
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Did you bring any savings or salary information? |
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Last year's tax forms? |
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Yes. Here they are. |
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OK. What ... what kind of house did you have in mind? |
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We're talking about buying |
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a two-bedroom house in Mount Kisco. |
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Here are the financial details on the house. |
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Thank you. |
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Are you prepared to make a ten-percent down payment? |
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Yes, we are. |
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Payments over thirty years? |
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Yes. |
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Do you think we can get a loan? |
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Well, it depends. Do you own any other property? |
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Any stocks or bonds? |
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No. |
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I see. Then you don't have any collateral. |
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Perhaps you could get a guarantor-- |
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someone to sign for the loan for you. |
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Why is that necessary? |
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Since you don't have enough income, |
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and you don't already own any property, |
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the bank needs to be sure |
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you can pay the mortgage every month. |
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A guarantor is responsible for the loan |
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if you can't make the payments. |
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I see. Well, the idea of buying a house is exciting. |
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Thank you, Mr. Riley. We'll read this over carefully. |
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Thank you. |
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Good-bye. Thanks. |
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Good-bye. And hope to see you soon. |
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I hope so, too. |
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Take care. |
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Good-bye. |
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It all sounded so easy |
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until they mentioned needing collateral or a guarantor. |
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We have no collateral. |
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And I don't think it's a good idea |
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to ask Dad to sign as a guarantor. |
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I don't feel right about it. |
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I understand your feelings about it, Richard. |
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We can get a loan from the bank |
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if we can put up some collateral. |
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And we don't own anything to use as collateral. |
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Or someone can sign with us as a guarantor. |
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Why don't you speak to Dad? |
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No. If we buy a house, I want to be able to handle it alone. |
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Everybody needs help sometimes, Richard. |
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I understand Richard's feelings about it, Ellen. |
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In two or three months, I'll have an advance on my book |
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and be able to put more money down. |
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What about the house in Mount Kisco? |
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Somebody else'll buy it by then. |
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Then there'll be other houses, Marilyn. |
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Richard has a point. You're just beginning to look. Richard |
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We're in no great rush. It's true. |
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This has been a great learning experience for us, Marilyn. |
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Talking to the real-estate agent. |
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Looking at the houses. |
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Talking to the loan officer at the bank. |
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It has been a learning experience. That's true. |
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I think you're doing the right thing. Taking your time. |
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Looking around. Especially with a purchase of this kind. |
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You're talking about a lot of money. |
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We'll call Mrs. Martinelli and tell her to keep looking for us. |
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And I'll call Mr. Riley at the bank |
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and tell him we'll see him in a couple of months. |
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And if you ever need Dad or me to help you ... |
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We know. |
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You know we'll be there for you. |
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It's a Stewart tradition. We're a family. |