Ask Arvest

Ask us questions about banking with Arvest
Example Question: What is my routing number?
Example Keyword: routing number
Top Question:
What is MIP?
Best Answer:

Mortgage Insurance Premium (MIP) is typically required when taking out a new FHA Mortgage while putting less than 20% as a down payment on the new home. Mortgage insurance is a policy that protects lenders against some or most of the losses that result from defaults on home mortgages.

Please rate this response

Click on a star to rate