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What are the fees involved, and when are they paid? There is an annual default insurance premium, isn there?

April 26, 2017annual Default fees Insurance involved paid Premium

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What are the fees involved, and when are they paid? There is an annual default insurance premium, isn there?

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Borrowers pay an insurance premium of 1.5% of the principal, which will be included in the monthly payment. In addition, the current lender makes an upfront payment of 3% of the principal to FHA.