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Do I Need Private Mortgage Insurance? (PMI)

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mtgfixit Joined: 13 Apr 2009 Posts: 73 28.05 Dollars($)	Posted: Mon Apr 13, 2009 3:46 pm    Post subject: Do I Need Private Mortgage Insurance? (PMI) [System detected duplicate content; converted into image. Thanks] _________________ Karla A. Sitko Sr. Mortgage Banker "Your Interest Is My Priority!" www.LowerMyMortgageRateNow.com
Realgeni Joined: 13 Apr 2009 Posts: 1434 99.76 Dollars($)	Posted: Mon Apr 13, 2009 8:14 pm    Post subject: If it is FHA loan, they callit as MIP - Mortgage Insurance Premium. As far as I know all FHA loans have MIP, when you make less then 20% down payment. Also if the loan value is bigger than the conventional amount FHA loans require an upfront MIP of 1.75% of the loan value during closing.

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