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Politics : Ask Michael Burke

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To: Monty Lenard who wrote (79235)	4/10/2000 11:33:00 AM
From: Skeeter Bug	Read Replies (1) of 132070

monty, yeah. we diverted some funds to pay down (and eventually off) a higher rate mortgage on a rental we own so we cam up a little short w/ the 20% down on our home. ok, we were 15% short ;-) anyway, the e-z money crowd has catapulted prices to a l;evel that gives us 20%+ equity and we are waiting for the middle of this year to can our mortgage insurance. i expect a small fight b/c our current loan owner expects 25% equity (which we might have anyway), but the original documents we signed with the original mortgage issuer said 20%. i'll be hashing that one out next month.

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