Five different types of mortgage insurance are borrower-paid, single-premium, lender-paid, split-premium, and federal home loan premium. When you set out to purchase a home, determining your down ...

FHA MIP is paid both upfront and as part of your monthly mortgage payment toward an annual premium. All FHA loan borrowers pay an upfront fee equal to 1.75%. This can be paid at closing or rolled ...

Two common ones are Federal Housing Administration mortgage loans and conventional mortgages. Check Out: How Middle-Class ...

In this case, the lender pays a single premium to cover your mortgage insurance for the duration of your loan. Often, a single premium is much less expensive than monthly premiums (more on this ...

Federal Housing Administration mortgage insurance (mortgage insurance premium): An MIP is required for all FHA loans. All borrowers pay their mortgage premiums directly to the FHA, and premiums ...