Sentences with phrase «upfront mortgage insurance premiums like»
No, the program does not require upfront mortgage insurance premiums like an FHA loan.
https://themortgagereports.com/
No, the program does not require upfront mortgage insurance premiums like an FHA loan.
Not exact matches
The bad thing about an FHA ARM is that, like all FHA mortgages, it requires borrowers to pay an upfront mortgage insurance premium of 1.75 % of the loan amount (which is usually rolled into the loan, and you'll pay interest on it as a result).
Plus, on top of the 1.75 % upfront that you'll have to pay in insurance, you can't cancel the annual mortgage insurance premium, like you could before June 2013.