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  1. – Here is what I mean, it stated it you have a mortgage that is 15 years or less and the loan to value ratio of 90% and greater, the mortgage insurance premium will be terminated when the loan to value reaches 78%, irrespective of the length of time the borrower has paid the mortgage insurance premium.

    What Is the FHA Mortgage Insurance Premium? : Mortgages & Home Insurance Expect to pay a percentage of your loan value in a mortgage insurance premium for Federal Housing Administration loans that don’t have at least 20 percent down payments.