Hazard insurance, PMI, and MIP... why?
7 months ago
2
Insurance and why it is needed.
There are 3 kinds of Insurance related to mortgages:
1. EVERY Mortgage will need Hazard insurance.
2. Private Mortgage Insurance also known as PMI.
3. For government backed loans mostly associated with FHA loans are known as MIP or Mortgage Insurance Premium.
https://loanandkey.squarespace.com/
Contact us at:
Tarah Read
NMLS# 2054808
Tarah@loanandkeymortgage.com
Robert Sierra
NMLS#1435167
Robert@loanandkeymortgage.com
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