Private mortgage insurance (PMI) is often required for conventional mortgages with less than a 20% down payment. Learn how PMI is used and how to avoid paying for it.

The only thing most homebuyers know about private mortgage insurance, or PMI, is that they want to avoid it. PMI premiums cost money. They can increase your monthly expenses and make it harder to ...

there’s a good chance you’ll have to pay private mortgage insurance (PMI). PMI, which is arranged through a third-party insurance company, is designed to protect the lender if you’re unable ...

Edwin Tan/Getty Images Private mortgage insurance (PMI) and mortgage insurance premiums (MIP) are often required for homebuyers who put down less than 20% on their homes. These insurance premiums ...

But these low down payments come with a cost: Mortgage insurance. Mortgage insurance is designed to protect the lender if you fail to make payments — and it adds costs to your monthly payment ...

Private mortgage insurance, or PMI, can help you buy a home faster with less than 20% down. PMI cost depends on your credit rating, loan type and down payment size. PMI can often be avoided when ...