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 ...

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 ...

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% ...

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 ...

I’m lucky to come from a wealthy family, with grandparents and a father who were well-versed in their finances. They’ve ...

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 ...

More than half of Americans still think a 20% is required to buy a home. This longstanding myth could get in the way of homeownership goals.