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Premium Mortgage Insurance 

Premium Mortgage Insurance

The Federal Housing Administration requires premium mortgage insurance for its home buying programs. An up front premium of 1.5% of the loan amount is paid at closing and can be financed into the mortgage amount. Usually, condos only require monthly premium mortgage insurance. The mortgage insurance premium paid on an FHA loan is always significantly higher than on a conventional program. On an FHA loan the borrower will be charged a mortgage insurance premium equal to 1.5% of the purchase price of the property and a renewal premium of .5% in subsequent years. By contrast the mortgage insurance premium charged at closing on a conventional program is as low as .5% (with 10% down payment) with renewal rate in subsequent years as low as .3% in subsequent years.

Why PrimeQuote Term Life Insurance for your Premium Mortgage Insurance Quote
There are many reasons to choose PrimeQuote Insurance for your Premium Mortgage insurance needs.

You will only be contacted by us; we never sell your personal information to third parties, like insurance marketers or telemarketers.
Our state-of-the-art quoting database qualifies you for the inexpensive and excellent coverage you need and deserve.
We provide quotes from a broad array of insurance companies, making sure you receive the best value for your money that the market has to offer.
Our longstanding history of excellent customer service and our meticulous attention to detail leaves no stone unturned in our effort to provide you with the best term life insurance.
We only quote rates from highly rated and respectable insurance companies, which means you receive the best coverage out there.
We pride ourselves on providing personal customer service during extended business hours, ensuring that you always are able to speak with your assigned representative.

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