Thread: FHA Mortgage
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Old 11-16-2006, 06:31 AM
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Default Re: FHA Mortgage


FHA loans do not have PMI. At least, not exactly. They have MMI.

MMI stands for mutual mortgage insurance. It is dropped after a certain percentage, around 20%, if other conditions are met as well.

Article: Bankrate.com - For FHA mortgages, it's PMI by another name

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