PMI and MIP (Texas Real Estate Exam Prep)

PMI and MIP: a 1-minute explainer for the TREC sales agent exam.

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This video covers pmi and mip as part of the Lender Requirements and Loan Programs chapter. PMI (Private Mortgage Insurance): conventional loans with LTV above 80%. Protects the LENDER. Can be removed at 80% LTV (request) or 78% (automatic). MIP (Mortgage Insurance Premium): FHA loans. Usually cannot be removed on post-June 2013 FHA loans.

📌 Statute reference: 12 U.S.C. §4901

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Видео PMI and MIP (Texas Real Estate Exam Prep) канала Day One Agent