Mortgage Insurance Access

: The lender pays the premium upfront, but you pay a higher interest rate over the life of the loan.

Premiums typically range from of the original loan amount annually. Factors affecting your rate include: MORTGAGE INSURANCE

: Specifically for FHA loans . These often require both an upfront payment at closing (typically 1.75% ) and ongoing monthly premiums. : The lender pays the premium upfront, but

: The most common form, paid as a monthly fee added to your mortgage payment. MORTGAGE INSURANCE

: Used for conventional loans . It can typically be canceled once you reach 20% equity in your home.