What is MIP on an FHA loan?

Answer MIP stands for mortgage insurance premium. Mortgage insurance premiums are additional fees levied on loans that are backed by the Federal Housing Administration (FHA).PartsFHA loans impose both an ... Read More »

Top Q&A For: What is MIP on an FHA loan

Which loan is better: an auto loan or a signature loan?

On One Hand: Auto LoansWhen you are purchasing a car, you can use the car as collateral so that the loan becomes less risky for the lender, which means you get a lower interest rate. A lower intere... Read More »

What is the best student loan company to go with for the Stafford Loan?

well, i work for a debt collection agency and i can tell you that their are a lot of bankruptcies with chase...that would probably mean that it is bad.If you listen to the news any, you would know ... Read More »

What is a "loan forgiveness" option for a student loan Where would one find the details in writing?

Yes, it's true but there are a lot of hoops to jump through. The details can be found here :…Basically, you have to work in a public service job for 120 ... Read More »

What is the maximum loan amount on a VA loan?

VA loans are granted to American veterans or their spouses by the Department of Veterans Affairs. VA loans allow the buyer to purchase a home with zero dollars down up to the limit allowed in the c... Read More »