PMI vs FHA MIP
Although the insurance protection concept is similar, there are differences between
private mortgage insurance and FHA mortgage insurance. FHA insurance is a government
administered mortgage insurance program that does have certain restrictions. FHA has
maximum regional loan limits that are lower than those with private mortgage insurance.
FHA may be more expensive, take longer to receive approval, and have fewer payment plan
options. FHA insurance lasts for the life of the loan, unlike private mortgage insurance
which is cancelable in most circumstances. FHA is a good choice for some borrowers with
credit history problems that might need special assistance. |
Insurance Information
Homeowners
Insurance Info
12 Ways to Save on Homeowners
Private Mortgage Insurance
PMI Cancellation
PMI Payment Options
PMI vs. FHA MIP
Title Insurance
Title Insurance Protection
Title Insurance Policy
Flood Insurance |
