Changes to FHA Mortgage Insurance Premiums in 2023!

Person calculating their mortgage premium on a white calculator

If you’re looking to purchase a home with a down payment of less than 20%, you may have considered an FHA loan. And if you’ve done a bit of research, you’ve probably also heard of PMI and MIP. PMI, or private mortgage insurance, is a type of insurance that lenders require borrowers to pay when…

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