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 ...

Should the borrower default, or stop paying, the loan, the lender receives a payout from the PMI carrier. PMI is a temporary expense. By law, lenders are required to cancel it when your mortgage ...

Mortgage protection insurance can be an attractive option for homeowners looking to protect their investment and keep family members from financial troubles. This type of insurance policy covers ...

Amount of the loan principal you will have paid off after the first five years of your mortgage term, as well as the combined principal, interest and mortgage insurance costs, if applicable The ...

One important feature to know about this loan program is that it requires an upfront and annual mortgage insurance premiums (MIP). These are a percentage of the loan amount. The recurring annual ...