Mortgage Insurance Premium

Concept of Mortgage Insurance Premium (mip) in the context of Real Property

A short definition of Mortgage Insurance Premium (mip): The amount paid for FHA mortgage insurance. When paid to a private company, it is commonly referred to as Private Mortgage Insurance (PMI).

Concept of Mortgage Insurance Premium (mip) in the context of Real Property

A short definition of Mortgage Insurance Premium (mip): The amount paid for FHA mortgage insurance. When paid to a private company, it is commonly referred to as Private Mortgage Insurance (PMI).