Mortgage Insurance

Are Mortgage Insurance companies requiring a $11,000 promisory note? We have never dealt with an MI company. What are our options?
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  • What's the easiest & fastest way to get the name of the mortgage insurance co & coverage? Thanks. 

  • Hi Justin - You can usually negotiate with an MI company. It's not a standard - some may want a promissory note, others a cash contribution. Find out if your seller is able and willing, if not see what they "can" do. Then go back to the MI company. Usually the terms will be -0- percent interest.
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