While FHA loans are popular for their flexible credit requirements and low down payment options, they come with a unique cost—mortgage insurance premiums (MIP).
PMI is one of the most commonly misunderstood aspects of home financing, but it plays a key role in helping buyers purchase homes with less than 20% down.
Looking for a mortgage that balances lower interest rates with manageable monthly payments? A 20-year fixed-rate mortgage might be the perfect solution.
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