The up-front mortgage insurance premium was reduced from 2.25% to 1.5%. It eliminates the .5% annual insurance for borrowers who have paid down their loans to 78% of the original purchase price or appraisal, whichever was less.
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The up-front mortgage insurance premium was reduced from 2.25% to 1.5%. It eliminates the .5% annual insurance for borrowers who have paid down their loans to 78% of the original purchase price or appraisal, whichever was less.
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