Answer: Yes, ‘insurance’ also includes Mortgage Insurance Premium (MIP) as per the guideline below. Reference: Online 4000.1, II, A, 5, d, vii Self-Sufficiency Rental Income Eligibility (a) Definition-Net Self-Sufficiency Rental Income refers to the Rental Income produced by the subject Property over and above the Principal, Interest, Taxes, and Insurance (PITI). (b) Standard-The PITI divided […]

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