FHA’s Hidden Cost: How to Stop Paying Mortgage Insurance Forever
FHA's Hidden Cost: How to Stop Paying Mortgage Insurance Forever
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Are you an FHA buyer paying a hidden fee that never goes away? 🛑 The FHA Mortgage Insurance Premium (MIP) can cost you thousands over the life of your loan - but only if you make this one common mistake.
In this essential guide, ReAnn Gonzalez breaks down the FHA MIP trap and reveals the simple, actionable strategy to stop paying mortgage insurance forever. If you put less than 10% down on an FHA loan, you are stuck with MIP for the entire 30-year term. ReAnn explains exactly how much you can save by hitting the 10% down payment threshold and how this one decision can dramatically lower your monthly payment and total loan cost.
What You’ll Learn:
The difference between FHA MIP and Conventional PMI.
The 10% down payment rule that cancels lifetime MIP.
How to calculate your potential savings.
When refinancing is the only other option to escape MIP.
Ready to buy a home without the financial stress? Get personalized advice from ReAnn today!
If you have any questions or comments, please leave them in the section below.
For more mortgage loan info I am here for all your mortgage needs. If you have any questions
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Edge Home Finance
7362 Remcon El Paso, TX 79912 NMLS# 891464
ReAnn Gonzalez NMLS# 219070
Chapters:
00:00 FHA Mortgage Insurance (MIP) Explained
01:14 Why It Matters & When FHA Still Wins
02:40 How to Escape MIP - 3 Smart Routes
04:14 The 3-Option Plan - Find the Lowest 5-Year Cost
04:44 Common Mistakes & The Timing Trap
05:17 Final Tips - Build Equity & Save Thousands