Browsing:

Tag: FHA

Are you paying Mortgage Insurance?

Are you paying Mortgage Insurance? Have you purchased a home and were not able to come up with 20% down to avoid paying mortgage insurance? If so I may be able to offer some insight as to how to potentially lower your payment by removing the MIP (Mortgage Insurance Premium). First You may be asking what is Mortgage Insurance? Well if you were not able to come up with 20% of the purchase price when you bought your home, the lender would have required you have a mortgage insurance premium added to your payment as a form of added insurance Read more…