fha mip refunds are available if refinancing or selling a home. Use this FHA MIP refund chart to see if you are eligible for a refund from HUD.
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Some homeowners can deduct private mortgage insurance, or PMI, payments as an itemized interest expense for the 2016 tax year. The tax break hasn’t been renewed by Congress.
FHA mortgage insurance is an extra way to protect fha loans in case the borrower defaults on the loan. Find out what FHA MIP rates look like right now.
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If you’ve been thinking about buying a home but aren’t quite sure you can scrounge up enough money for the down payment, private mortgage insurance, or PMI, may be an option for you. PMI is a type of insurance that protects your lender if you default on the loan. It’s generally required on loans worth.
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