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What do they mean when they tell me I qualify for the “Basic” or “Reissue” rate?

Currently, there 2 different potential rates a buyer may qualify for: (1) The “basic” rate which is charged on the sale of any property which has not been either (a) sold or (b) refinanced for a period of more than 10 years (2) The “reissue” rate, which is a discounted rate for properties which have been sold or refinanced within the last 10 years and which is 90% of the basic rate.



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