What is a mortgage insurance premium?

Answer A mortgage insurance premium is the equivalent of private mortgage insurance for Federal Housing Administration (FHA) loans.FHA LoansThe FHA guarantees mortgages. This means that the agency will re... Read More »

Top Q&A For: What is a mortgage insurance premium

What is the FHA mortgage insurance premium?

The FHA mortgage insurance premium is a cost imposed on borrowers who take out FHA mortgages. FHA mortgage insurance functions similarly to private mortgage insurance.Two CostsThe FHA charges two m... Read More »

What is an upfront mortgage insurance premium?

Borrowers taking out an FHA mortgage must pay an upfront mortgage insurance premium to pay for the backing of the Federal Housing Administration. This cost equals 2.25 percent of the mortgage as of... Read More »

The FHA Mortgage Insurance Premium Refund Process?

If a home buyer qualifies for a Federal Housing Administration (FHA) home loan, the administration insures payment on the loan even if the buyer defaults. Therefore, the FHA requires the borrower t... Read More »

What is premium health insurance?

Premium health insurance is health coverage that is extended to an insured party for paying the monetary amount charged by the insurer. Plans can be purchased privately or coverage can be bought un... Read More »