… to value ratios that the loan underwriters use is now not being driven by the loan of the mortgage or the mortgage or the property taxes, but the insurance. So A $3,000 mortgage may actually have an additional, you know, $800 a month, in some cases, fire insurance premium. that is overlaid per month on top of that. And that alone makes it so that they don't qualify for the loan. (1:11:05–1:11:15)
CLAIM
Asserts that fire insurance premiums can add $800 monthly to a $3,000 mortgage.
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