And the reason we had to pay that is because unless we put 20 percent down and financed 80 percent, we had to have the guarantee in there just in case of a default.
Deborah Koff Ross: “And the reason we had to pay that is because unless we put 20 percent down and financed 80 percent, we had to have the…”
Editor's note · Context
Reflecting on the necessity of guarantees in home financing.
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