# If you have a 900.00 deductible on your primary insurance and none on the secondary insurance can the secondary be used to cover the deductible?

Yes. For more info. see www.SteveShorr.com/supplemental.htm

### How do you calculate mortgage insurance premiums?

1. alculate the Loan to Value ratio (LTV). LTV = loan amount /total mortgage value, where loan amount = total value of mortgage --down payment on the property. If the mortgage value is $100,000 and the client makes a 10-percent down payment ($10,000), the loan value is $90,000. LTV ratio is equal to 90000/100000 or 0.9 or 90 percent. 2. Determine the mortgage insurance rate. Rates are different for private mortgage insurance (PMI) and an…