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

Text Callout : Key Takeaways - How to Avoid PMI on a Mortgage With Less Than 20% Down Private mortgage insurance, or PMI, has long been considered an expensive but necessary evil for homebuyers – ...

PMI is a tool to help borrowers finance homes with less than 20% down. PMI is not permanent. It terminates automatically after a number of payments, or you can request earlier cancellation under ...

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

Let’s start off the new year with a money saving tip, especially for low-down payment, first-time owners who bought a home more than two years ago. If you bought your home using conventional financing ...

The real estate industry has a trade-off between consumers and lenders. Consumers can get a mortgage with a small down payment, but lenders are then protected with buyer-paid mortgage insurance that ...

The conventional wisdom about private mortgage insurance has long been that borrowers should try to avoid it. PMI is a requirement for conventional mortgage borrowers who put down less than 20% on a ...

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 ...

Lender-paid mortgage insurance (LPMI) is an option for borrowers who cannot afford a 20 percent down payment on a home. In this arrangement, the lender covers the cost of the mortgage insurance, which ...

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 it ...