Posted on: 27th Oct, 2009 10:49 am
Hi,
If FHA UMIP is financed in the loan, do I still have to pay for it upfront? It would appear I would be paying twice. It is listed on my GFE although the amount of Upfront Mortgage Insurance Premium was added to the base price of my loan.
Thank you in advance for your help.
If FHA UMIP is financed in the loan, do I still have to pay for it upfront? It would appear I would be paying twice. It is listed on my GFE although the amount of Upfront Mortgage Insurance Premium was added to the base price of my loan.
Thank you in advance for your help.
Hi shronbj!
Welcome to forums!
If the FHA mortgage insurance premium is included in your loan, then don't have to pay it again. If you feel that the lender is charging it twice, you can ask him to clarify the details to you. This may help you understand the whole deal.
Sussane
Welcome to forums!
If the FHA mortgage insurance premium is included in your loan, then don't have to pay it again. If you feel that the lender is charging it twice, you can ask him to clarify the details to you. This may help you understand the whole deal.
Sussane