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Originally Posted by Number 3
Thanks, I knew all that, just didn't know if the OP did, and it hadn't been mentioned. But you have added some great background and clarity on the details. Hopefully the OP finds it valuable. I did.
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I understand that much better now. that info is a big help. so i basically can expect to pay this "security insurance" if i dont have the 20ish% of my loan. Understandable really- everyone has to cover themselves in this world.