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Updated about 6 years ago on . Most recent reply

Nancy Lucca's profile image
Nancy Lucca's profile image
Nancy Lucca
  • Member since Jun 16, 2018
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Nancy Lucca's profile image
Nancy Lucca's profile image
Nancy Lucca
  • Member since Jun 16, 2018
Connect
Nancy Lucca
5
Votes |
42
Posts
Starting Out

Is MIP and PMI the same thing?

Nancy Lucca
Posted

Is Mortgage Insurance Premium and Private Mortgage Insurance the same thing? Or will there be 2 charges if I were to buy a house with less than 20% down. Is it just one or the other or do people have to pay both MIP and PMI?

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