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Mortgage Refinance Advice: 02/03/06 Remember the flood insurance scare of 2013? It’s creeping back into Tampa Bay and Florida 1.Even though residents who have a federally backed mortgage and live in a floodplain need to have flood insurance, many do not purchase it 2. Many individuals misunderstand flood risk, thinking that if a 100 year flood occurs, there will be no more floods for 100 years.The property is the only SMSF asset and my monthly $1085 rental income goes on the 7 per cent mortgage and management costs.
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