There are distinct differences when considering PMI & MIP, and also to be quite truthful, you shall hardly ever take a position where you will need to select or compare between PMI & MIP.

There are distinct differences when considering PMI & MIP, and also to be quite truthful, you shall hardly ever take a position where you will need to select or compare between PMI & MIP.

In the majority of situations, you don’t select your loan, it chooses you, predicated on your specific qualifying profile and circumstances. The PMI or MIP that follows that loan system is inherited.

Let’s look in the shows, and lowlights of PMI: