FHA loans make homeownership more accessible with low down payments and flexible credit requirements, but all borrowers must pay Mortgage Insurance Premiums (MIP). These costs include an upfront fee and annual premiums that may last for years. Understanding MIP vs. PMI helps buyers choose the loan option that fits best.

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Home title insurance protects your ownership rights and covers legal costs if disputes arise. Unlike title lock, which only monitors records, real title insurance is a one-time investment that safeguards your home. Knowing the difference saves money, avoids scams, and ensures lasting protection for your property.

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Home loans mortgage insurance helps buyers get into a house with less than 20% down by protecting the lender. While this protects the lender, it’s not protection for homeowners. However, it’s often required for a variety of mortgage types. Costs vary, but it’s usually rolled into your mortgage. Despite being an additional cost, PMI can make homeownership more accessible.

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