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Bank Mortgage Insurance
Tina Said:
Should I have to pay my mortgage bank to cancel PMI?We Answered:
no thats unfairLauren Said:
Can a bank require more flood insurance than the mortgage is worth?We Answered:
Well, how much coverage do you have? If it is to rebuild this is reasonable. Also covering your belongings. If the insurance coverage tops out at 50k then I can not see how they would justify this.