We have a loan for 318,750.00 with two properties securing at an LTV of 75%, one of these properties is not in a flood zone.
Is calculating the required amount of coverage by taking the full loan amount subtracting the 75% for the property not in the flood zone and using the remaining 75% of the amount as the required amount?
318,750.00 - 150,000= 168,750.00
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