Discover how the Homeowners Protection Act helps you cancel unnecessary PMI. Save money by understanding your mortgage insurance rights and equity requirements.

Discover how mortgage life insurance can protect your home, its benefits for families, and essential considerations when ...

Private mortgage insurance (PMI) is an extra monthly fee that you pay on a conventional mortgage if you put less than 20 percent down. PMI must be terminated at a certain point in your loan term or ...

If you have to pay PMI, there are several ways to do it. With borrower-paid PMI, your premium is added to your monthly ...

Mortgage insurance allows homebuyers to purchase homes with down payments of less than 20%. This credit enhancement tool involves paying an additional charge with your mortgage to protect the lender ...

When purchasing a home with a conventional loan, you might be required to pay for private mortgage insurance (PMI). This is generally the case if your down payment doesn’t meet a certain threshold of ...

That’s why it’s critical to understand your documentation and know how much each monthly mortgage payment is impacting your ...

As if the costs involved with paying a mortgage loan weren't enough in a challenging financial climate for home borrowers, there's another expense you may need to reckon with, particularly if you're ...

Dreaming of buying a home? If you don’t have a 20% down payment on the home’s purchase price, lenders will require you to get private mortgage insurance. Private mortgage insurance protects the lender ...

Mortgage insurance premiums (MIPs) are a type of insurance paid to the Federal Housing Administration (FHA) for certain mortgage loans. If you can buy a home with a Federal Housing Administration (FHA ...

David McMillin writes about credit cards, mortgages, banking, taxes and travel. Based in Chicago, he writes with one objective in mind: Help readers figure out how to save more and stress less. He is ...