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!!
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