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What does MIP stand for?

MIP stands for Mortgage Insurance Premium

This definition appears very frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other definitions of MIP

Other Resources:
We have 380 other meanings of MIP in our Acronym Attic

Samples in periodicals archive:

Included in the Obama administration's fiscal year 2012 budget proposal, the Federal Housing Administration said it plans to increase its annual mortgage insurance premium (MIP) by a quarter of a percentage point on all 30-year and 15-year loans insured by FHA.
When the new Congress finally gets down to business next year, it could be asked to intervene in a surprise issue that pits homeowners against the IRS: Should the private mortgage insurance premiums paid monthly by about 5 million homeowners be deductible on federal tax returns, just like mortgage interest?