Disclosed are a mobile terminal and a control method thereof, which has a display unit for displaying a virtual keypad and texts input by the virtual keypad. The mobile terminal includes a display unit and a controller. The display unit has a first area in which a virtual keypad is displayed and a second area in which a character input by a touch applied to the virtual keypad is displayed, and displays a first cursor for guiding a position at which a character is to be input. When an editing mode is executed in the state in which the first cursor is displayed, the controller displays, in the second area, a second cursor different from the first cursor, and selectively activates any one of the first and second cursors.