What is FMMG CASI NEW ALBANY IN
Fmmg casi is a charge assessed by the state of Florida on certain real estate transactions. The charge is used to fund the Florida Mortgage Guaranty Fund, which provides insurance for mortgage lenders in the event of borrower default. The fmmg casi charge is assessed on all home purchase loans and refinance loans with loan amounts over $200,000. The charge is 0.35% of the loan amount, up to a maximum of $700. For example, on a $300,000 loan, the fmmg casi charge would be $1,050. Homebuyers can expect to see this charge listed on their Closing Disclosure form.
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