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Mortgage Professor about fha mortgage: | |||||||||||||||||||||||
Who Should Take an FHA Mortgage?
April 24, 2000, Revised October 31, 2002, March 14, 2003, September 7, 2004 "We recently purchased a home with 20% down, with mortgage insurance provided by the Federal Housing Administration (FHA). When we closed on it, we were ... more... Lies Mortgage Shoppers Hear December 2, 2002, Revised July 16, 2004 "I am about to shop the market for the mortgage I need to finance my home purchase. Is there a danger that people won?t tell me the truth? Any lies I should look out for in particular ... more... |
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fha mortgage related definitions |
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MIP, Mortgage Insurance Premium
MIP, Mortgage Insurance Premium It is insurance from FHA to the lender against incurring a loss on account of the borrower's default. Paid if FHA loan LTV is higher than 80%. Also known as FHA Mortgage Insurance. By insuring the loan the Federal Government agrees to repay ... more... FHA Mortgage Insurance FHA Mortgage Insurance It is insurance from FHA to the lender against incurring a loss on account of the borrower's default. Paid if FHA loan LTV is higher than 80%. Also known as MIP - Mortage Insurance Premium. By insuring the loan the Federal Government agrees to repay ... more... |
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More about fha mortgage Do You Qualify For The FHA Home Loan? The Truth Behind Processing FHA Insurance Refunds Use the FHA Mortgage Specifically Created for Home Improvement Home Buying 101 -- The Different Types of Mortgages Mortgage Information for the First Time Homebuyer FHA Mortgage: What's the Best Way to Show an Underwriter that You're Ready to Buy a House? Mortgage Terms Explained How Homeowner Can Save Their Home From Foreclosure Buy FHA HUD Homes 10 Questions To Ask Your Mortgage Rep or Banke
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