Changes

==Public mortgage insurance==

==Public mortgage insurance==

To obtain public mortgage insurance from the [[Federal Housing Administration]] in the United States, a homeowner must pay an ''upfront mortgage insurance premium'' (UFMIP) equal to 1.75 percent of the loan amount at closing<ref>http://www.fha.com/fha_requirements_mortgage_insurance.cfm</ref>.  This premium is normally included in the mortgage amount and paid to FHA on the borrower's behalf. Depending on the [[loan-to-value ratio]], there may be a monthly premium as well. The United States Veterans Administration also offers insurance on mortgages.<ref name="va1"/>

To obtain public mortgage insurance from the [[Federal Housing Administration]] in the United States, a homeowner must pay an ''upfront mortgage insurance premium'' (UFMIP) equal to 1.75 percent of the loan amount at closing<ref>http://www.fha.com/fha_requirements_mortgage_insurance.cfm</ref>.  This premium is normally included in the mortgage amount and paid to FHA on the borrower's behalf. Depending on the [[loan-to-value ratio]] (LTV), there may be a monthly premium as well. The United States Veterans Administration also offers insurance on mortgages.<ref name="va1"/>

== Private mortgage insurance ==

== Private mortgage insurance ==