LogFAQs > #979784368

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Topic	Mortgage company charging twice as much..ever heard of this?
Azn_Psycho 04/07/24 12:46:58 PM #16:	It's common to have a shortage as they are required to have like a two month cushion at all times. Double check to make sure your insurance coverage is correct. Sometimes insurance lapse and you get stuck with like emergency homeowner's insurance that the bank gets which is stupid expensive. But as someone mentioned, you can pay the shortage upfront and keep your monthly payments the same. --- Blah, blah, blah, and blah. <cite>Azn_Psycho posted [p:979784368] in Mortgage c... [t:80741284]...</cite> <quote>It's common to have a shortage as they are required to have like a two month cushion at all times.Double check to make sure your insurance coverage is correct. Sometimes insurance lapse and you get stuck with like emergency homeowner's insurance that the bank gets which is stupid expensive.But as someone mentioned, you can pay the shortage upfront and keep your monthly payments the same. --- Blah, blah, blah, and blah.</quote> ... Copied to Clipboard!
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