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When i closed on my house I paid PMI

 
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Asked by

Nikole


Hi,When i closed on my house i paid pmi? Thank you very much.
0     In Mortgage Cont.15

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    Q. House was sold...father passed away...left will....house all paid up....has $5,000 hospital bill, when do we get paid?


    ON Canada - if the insurance is a mortgage life insurance then the insurance company pays the bank and the title is released to you. Your family now owns the house. If the insurance is life insurance, then the insurance company pays you and you deal with the hospital bill. Which one do you have?

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    Q. If i have a variable rate closed and i sell my house do i pay a penalty?


    ON Canada - yes you still pay a penalty especially if you go to another lender. For a variable rate mortgage, normally it would be 3 months interest rate plus discharge/admin fee. You should be OK.

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    Can you help us by answering one of these related questions?
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