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Welcome
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MORTGAGE INDEMNITY INSURANCEThis is an extra cost borne by the borrower, used to protect the lender
against losses should the borrower fall into arrears. You may pay the
premium, but it is designed to protect the lender not the property buyer.
If your home is repossessed and sold for less than the outstanding debt,
the lender could still pursue you for the losses. |
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