Removing MIP on a FHA loan

Eliminating MIP on a FHA Loan

When you review your mortgage statement every month you are reminded of something called mortgage insurance.  For a FHA loan it is called MIP, Mortgage Insurance Premium.  Removing MIP on a FHA loan is a different animal than removing it from a conventional loan.  Market appreciation does not enter into the equation at all.  To see what option are available, continue reading.

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