Up-front mortgage insurance premium

Up-front mortgage insurance premium,

Definition of Up-front mortgage insurance premium:

  1. The premium required to be paid when applying for a home loan with the Federal Housing Administration. This premium must be paid 10 days before closing date or date of disbursement, whichever comes first. The cost of the insurance is around 1.5% of the loan amount. See also private insurance premium.

Meaning of Up-front mortgage insurance premium & Up-front mortgage insurance premium Definition