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These may adversely affect the investment and may result in the impairment or loss of all or part of the Company's investment. We have clients that were initially given a good-faith estimate of $50 to $75 a month in PMI costs and then they find out at closing that the actual PMI rate is hundreds of dollars higher," says lawyer Terry Smiljanich of the James Hoyer law firm in Tampa, Fla. We can make very similar arguments for the bi-weekly payments of a mortgage, or doubling the principal payments of a mortgage, in order to pay off the home faster.
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