PMI vs FHA MIP

Although the insurance protection concept is similar, there are differences between private mortgage insurance and FHA mortgage insurance. FHA insurance is a government-administered mortgage insurance program that does have certain restrictions. FHA has maximum regional loan limits that are lower than those with private mortgage insurance. FHA may be more expensive, take longer to receive approval, and have fewer payment plan options. FHA insurance lasts for the life of the loan, unlike private mortgage insurance which is cancelable in most circumstances. FHA is a good choice for some borrowers with credit history problems that might need special assistance.

Mission Statement:

I firmly believe in the Golden Rule or Law of the Prophets, "So in everything, do to others what you would have them do to you,"
Matthew 7:12 NIV

I am committed to Servant/Leadership based on a high Code of Ethics, Honesty, Integrity and Fairness throughout the transaction and beyond implementing the Keller Williams Realty Value and Belief Systems.