MIP (mortgage insurance premium) is required on all 30yr fixed FHA loans. 1.5% MIP funding fee, and the monthly 0.5% MIP payment

Federal Housing Association (FHA) Mortgage Insurance Protection (MIP) Payment (PMT).

MIP stands for Mortgage Insurance Premium. It is typically required for FHA loans and helps protect the lender in case the borrower defaults on the loan. Borrowers pay this premium on a monthly basis as part of their mortgage payment.

"MIP" can stand for various things depending on the context. Some common meanings are "Mortgage Insurance Premium," "Media Interface Plus," and "Minimum Information Principle." Can you provide more context so I can give a more specific answer?

There are many things that would make a mortgage insurance premium increase. Mortgage insurance is used when someone dies and pays money so that the mortgage will be paid. Smoking or participating in dangerous activities will increase the premiums.