If you make a down payment of less than 20% of the purchase price of your home, your lender may require you to pay private mortgage insurance (PMI). PMI is a type of mortgage insurance that ...

There’s a cost of homeownership that surprises many first-time homebuyers, one that’s easy to overlook in the excitement of ...

First-time home buyers put down a median of 9% last year, and 23% for repeat buyers. Learn more about lender requirements and ...

According to the calculator, you would spend roughly $2,452 a month on housing, broken down into $1,763 on mortgage principal ...

Maybe you even had to pay private mortgage insurance (PMI) until you reached the traditional 20% equity threshold. But if you've built up your home equity since, you could qualify. And this doesn ...

To Get Rid of Private Mortgage Insurance (PMI) Private Mortgage Insurance (PMI) can cost from 0.2 to 2% of your total loan per year, and you can eliminate this by refinancing. There are generally ...

Essent Group struggles with competitiveness and defaults, making rivals like Enact and MGIC better picks. Check out why ESNT ...

You could pay less in interest on the loan Your monthly premium can be lower You can get a shorter term You can avoid private mortgage insurance (PMI) You can change mortgage products You can cash ...

Mortgage rates are hovering in elevated territory, with a lot of uncertainty about where they're headed. But doing any of these four things can lead you to a better rate.

As tax season approaches, many homeowners find themselves sifting through receipts and financial documents, searching for ...

One is the FHA, in which the government insures the mortgage. The other is private mortgage insurance, or PMI, for conventional loans. Whereas the FHA requires a down payment of at least 3.5%, you can ...