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PMI abuse


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If you have PMI on your mortgage watch your escrow Disclosure statement closely. YOur rate for PMI is established in your loan documents at the time of closing. This rate cannot be changed. My mortgage holder has tried the past two years to increase the amount by a 100.00 per month. Each time they say it is a imput error and fix it, but I had to call and demand they fix it. Same thing happened to a friend of mine and he is with a differant bank.

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