Borrower-paid mortgage insurance (BPMI) monthly premium options allows homebuyers to fold their MI premiums into their monthly mortgage payments, starting with their first payment.

Borrower-paid mortgage insurance (BPMI) single premium options may be a good choice for a borrower who wants to keep the monthly payment low.

Lender-paid mortgage insurance (LPMI) monthly premium options allows lenders to pay the monthly premiums and factor that cost into the interest rate they charge homebuyers on their loans or they can charge an origination fee to cover the premium.

Lender-paid mortgage insurance (LPMI) single premium options may be appropriate for lenders who want to make a one-time, upfront MI premium payment at closing.

Split premium mortgage insurance (MI) options may be good for a borrower who wants to reduce the monthly MI premium in order to qualify for a larger loan amount.

EssentFLEX allows borrowers to tailor their monthly borrower-paid mortgage insurance (BPMI) premium to their individual financial situation.