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Mortgage Loan Insurance Premium

Wayne Said:

2nd mortgage co. says deductable to low, wants 1500 instead of 1000 we have on our insurance. can they?

We Answered:

I don't understand your question because what you are saying you have now with the $1000 deductable is better coverage than what you are saying they want, which is a $1500 deductable. I don't understand what you are saying. Maybe you didn't have any coverage on the 2nd line of credit and that is what they are making you get.

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