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 ...

Everything you need to know about PMI and how to get rid of it Jessica Gibson is a content update editor and writer for Investopedia. She has over 10 years of experience in digital publishing and ...

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 ...

Buying a new home comes with many additional costs — one being private mortgage insurance (PMI) for home purchases with less than a 20% down payment on a conventional loan. This insurance protects the ...

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 ...

A homebuyer might pay private mortgage insurance depending on the size of their down payment. PMI differs from mortgage insurance a borrower would pay if they use an FHA loan. Buying or selling a home ...

There are several advantages to the 20% rule, including that it lowers your mortgage rate and increases your mortgage approval chances. Of course, putting more down up front also means that your ...

Calculating your mortgage payment correctly may be harder than you think. Making sure that your projected monthly payment fits within your budget is crucial in determining that the house that you’ve ...

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 ...