MIP

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January 1, 1 6 min read Definitions
Mortgage Insurance Premium (MIP)
Mortgage Insurance Premium MIP Mortgage Loans FHA Loans Mortgage Insurance Home Financing Loan-to-Value Ratio
Mortgage Insurance Premium (MIP) is a fee paid by a borrower to obtain mortgage insurance on a mortgage loan, which protects lenders against losses if the borrower defaults. This fee can be paid as a lump sum at the time of loan closing or as a periodic amount included in the monthly payments, or both.
Read more about Mortgage Insurance Premium (MIP).

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