FHA Mortgage Insurance: What You Need to Know

When deciding between an FHA mortgage and a conventional mortgage, the most important difference is arguably the mortgage insurance that the Federal Housing Administration requires. This insurance typically can’t be canceled and comes with both an annual premium and an upfront premium that you’ll need to factor into your homebuying budget. Despite these insurance-related drawbacks, an FHA loan…

from NerdWallet
https://www.nerdwallet.com/blog/mortgages/fha-mortgage-insurance-what-you-need-to-know/

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