If you are wanting to learn what mortgage insurance is and how does it work, watch this short video, where I talk about PMI, MI and funding fees.
Contact me at http://www.tampa2enjoy.com/contact-us/
There’s a lot of confusion on what mortgage insurance is, how does mortgage insurance work and what’s the difference between mortgage insurance (MI) and private mortgage insurance (PMI).
Here are 3 important takeaways:
1. Conventional Loans have Private Mortgage Insurance (PMI)
2. FHA Loans have Mortgage Insurance (MI)
3. VA Loans have a Funding Fee
Learn more about mortgage insurance at https://en.wikipedia.org/wiki/Mortgage_insurance
Please contact me if you have any questions.
Mohr Home Group at Keller Williams
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