When Does Mip Go Away

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The requirements for removing your mortgage insurance premium (MIP) or private mortgage insurance (PMI) depend on your loan. Keep in mind the best way to figure out when you can remove your mortgage insurance is to call us. Here are some general guidelines. Applied after June 2013: If your original.

According to the Department of Housing and Urban Development, "Although the law authorized HUD to go up to these amounts, HUD is not doing so at this time." (Emphasis ours). Instead, FHA loans will see an increase in the annual premium and a corresponding decrease in the upfront mortgage insurance premium.

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