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 ...

The main types include: Private mortgage insurance (PMI) is a type of mortgage insurance added to a conventional mortgage when the borrower makes a low down payment. If you get a conventional ...

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 ...

According to the calculator, you would spend roughly $2,452 a month on housing, broken down into $1,763 on mortgage principal and interest, $259 on private mortgage insurance, $100 on homeowners ...

We'll walk you through the steps you need to take to remove PMI from your mortgage. If you make a down payment of 20% or less, you must pay for private mortgage insurance (PMI), which can ...

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 ...