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PMI vs MIP The Real Difference in Mortgage Insurance Costs

Some home loans require mortgage insurance. Mortgage insurance premium (MIP) and private mortgage insurance (PMI) are two types of mortgage insurance that protect the lender.

When is Mortgage Insurance Required on a Conventional Loan

A conventional loan usually requires PMI when the borrower starts with less than 20% equity.

Mortgage Servicing Transfers

Mortgage servicing transfers happen for many reasons and can occur at any point during your loan, whether you’ve recently closed on your mortgage or have been in your home for decades. Below, we explain why these transfers happen, what they mean for you, and what to expect if your loan servicing is moving to Newrez.

BAH: What is Basic Allowance for Housing?

BAH is designed to help offset the cost of housing for servicemembers, and could help when qualifying for a mortgage.