FHA vs Conventional Mortgage Insurance (MIP vs PMI)

  • Post category:YouTube

Comparing FHA and Conventional mortgages requires you to look at a lot of factors. One of the biggest factors in FHA vs Conventional comparison is Mortgage Insurance. FHA MIP vs Conventional PMI. That is the topic of this video.

  • How does FHA MIP work?
  • How much is it?
  • When can it be removed?
  • How can you avoid it?
  • Should you avoid it?
  • And how does it really compare to Conventional…you might be surprised!!

LINKS:

FHA MIP Chart: https://www.hud.gov/sites/documents/15-01MLATCH.PDF
MGIC PMI Rate Chart: https://www.mgic.com/rates/rate-cards
FHA vs Conventional Video: https://www.youtube.com/watch?v=5BIIaQlOsis
Best First Time Home Buyer Programs in 2020: https://www.youtube.com/watch?v=_O1DmN-VPnE