fbpx

Home Loan Programs

Home loan news, updates, and strategies related to different home loan programs and all things related to home loan programs.

Understanding FHA Mortgage Insurance Premium (MIP)

FHA Mortgage Insurance Premium (MIP) is an important part of FHA Insured loan. Mortgage insurance is insurance that protects lenders against any losses that may result from a consumer defaulting on their FHA-insured home loan. FHA home loans require two types of Mortgage Insurance Premiums for all borrowers, regardless of down payment. The two types …

Understanding FHA Mortgage Insurance Premium (MIP) Read More »