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Cars & Coffee Killer
Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
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Personal Mortgage Insurance. It's a policy the banks takes out to protect itself from me defaulting on a loan because I didn't put down at least 10%. I pay the premiums every month.
I fell for the "might get priced out of the market" hype three years ago when I bought the house. I put 0 down, but at least I got a normal 30-year fixed mortgage.
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Some Porsches long ago...then a wankle...
5 liters of VVT fury now
-Chris
"There is freedom in risk, just as there is oppression in security."
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