Mortgage Insurance: What’s the essential difference between PMI and MIP?

Mortgage Insurance: What’s the essential difference between PMI and MIP?

What exactly is Mortgage Insurance?

You’ve heard (or will hear about) mortgage insurance (MI) if you’re a first-time homebuyer,. In this article, we will explain exactly exactly what home loan insurance coverage is and exactly why you really need it. We shall detail the essential difference between home loan insurance premium and mortgage that is private, along with the loan services and products they participate in. Lastly, we’ll cover exactly exactly how to eradicate home loan insurance coverage altogether. Continue reading “Mortgage Insurance: What’s the essential difference between PMI and MIP?”