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Business, 01.04.2021 16:00 trevorpeterson20

In addition to the UFMIP (up-front mortgage insurance premium), the owner-occupant borrower who decides to use an FHA mortgage loan will normally pay an additional annual mortgage insurance premium (MIP) that depends on the loan-to-value ratio and the term of the loan. For loans with maturity longer than fifteen years and a loan to value ratio that is greater than 95%, the MIP will be what percentage of the average annual loan balance

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In addition to the UFMIP (up-front mortgage insurance premium), the owner-occupant borrower who deci...

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