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Mortgage insurance premium doubled at closing?!

Started by newhomeowner789
almost 15 years ago
Posts: 1
Member since: May 2011
Discussion about
Hi everyone, A few days ago I was able to close my first home purchase. While I'm thrilled that I was able to receive 85% financing from the bank, I have to admit that I was left with a bad taste in my mouth afterwards because the monthly mortgage insurance payments were DOUBLE what they had put on my GFE. When I asked them why, they basically said that the amount on the GFE was an inexplicable mistake, and that it is what it is now. Has anyone else experienced this? Does this sound reasonable or right? Thanks in advance!
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