Chapter 8

Mortgage insurance

When PMI comes off, and what FHA charges

An explorable chapter on mortgage insurance: borrower-requested PMI cancellation at 80%, automatic termination at 78%, final termination at the midpoint, FHA upfront and annual MIP and how long it lasts.

1. 8.1
   PMI cancellation and termination80% on request, 78% automatically
2. 8.2
   FHA upfront and annual MIPTwo premiums on every FHA loan
3. 8.3
   How long FHA MIP lasts11 years, or the life of the loan

1 slider tasks · 2 practice sets · 8 questions