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 ...

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 ...

Mortgage Research Center. The average rate on a 15-year mortgage refinance is 5.28%. On a 20-year mortgage refinance, the ...

Paul L. Underwood is a writer and editor specializing in finance whose work has appeared in The New York Times, Esquire, Texas Monthly and more. Paul lives in Austin, Texas, with his wife, two ...

Private mortgage insurance enables first-time and working-class buyers to purchase homes years sooner with lower upfront ...

If you’re unable to make a down payment of 20% or more on a conventional mortgage, there’s a good chance you’ll have to pay private mortgage insurance (PMI). PMI, which is arranged through a ...

Federal law requires a lender to cancel private mortgage insurance (PMI) on conventional loans when a mortgage term is at its halfway point, or when the mortgage balance drops to 78 percent of the ...

The rate on a 30-year fixed refinance declined to 6.26% today, according to the Mortgage Research Center. Rates averaged 5.28 ...

A first mortgage is the initial loan a buyer takes to purchase a property. The loan is in the first position, meaning that if ...

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 ...

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 ...