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August 28, 2009

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The last crisis changed, no doubt, the mortgage pricing. On the one hand, mortgages are more expensive. On the other hand, there are other components that protect the buyer against problems that may occur

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Considering that the official position of the flood program is that they will take a coinsurance penalty on underinsured homes, yes they can require full replacement cost.

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The point essentially has to be noted is that these loans have different rates and repayment track.

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