_learn-about-the-mortgage-insurance-premium-mip.jpg "Learn About the Mortgage Insurance Premium (MIP) from fha Video Screenshot Preview")
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⏲ Duration: 40 sec
✓ Published: 08-Apr-2017
✓ Published: 08-Apr-2017
Description:
Mortgage insurance is paid if you as a borrower were to make a down payment of less than 20 percent on your home loan. It is paid by you, but is used to protect the lender from losses if you were to default on the loan. When it comes to the FHA, borrowers must pay a mortgage insurance premium, or MIP, on the home loan.
Mortgage insurance is paid if you as a borrower were to make a down payment of less than 20 percent on your home loan. It is paid by you, but is used to protect the lender from losses if you were to default on the loan. When it comes to the FHA, borrowers must pay a mortgage insurance premium, or MIP, on the home loan.
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