RIP Mortgage Insurance
MIP (Mortgage Insurance Premium) is insurance homeowners pay to FHA to protect the lender against loss on FHA insured loans.
You may be able to eliminate this monthly fee in certain cases. In some areas, values have gone up enough to allow homeowners to refinance and drop this charge. To find out if this applies to you, call 1-800-376-4603 or email us at firstname.lastname@example.org today, and we will work with Evergreen Home Loans, our preferred partner, to see if you are eligible to eliminate this charge.