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 ...

In a perfect world, all homebuyers would have the cash to pay at least 20% down on their home purchases. In the real world, it can be tough to scrape together a fraction of that amount. Mortgage ...

Discover effective ways to avoid costly PMI and make your home more affordable. Learn to leverage home appreciation, use piggyback loans, and explore mortgage options.

PMI supported nearly $300B in mortgages last year and bucks other homeownership add-on cost trends with 25% premium decline since 2017 Roughly 525,000 first-time homebuyers were able to obtain ...

Homebuyers can avoid paying PMI if their down payment is large enough Barclay Palmer is a creative executive with 10+ years of creating or managing premium programming and brands/businesses across ...

As the mortgage and real estate markets continue to face challenges, nearly 800,000 low down payment home purchases in 2023 leveraged private mortgage insurance (PMI), with first-time homebuyers ...

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 ...

Are you looking to refinance your FHA loan? Switching to a conventional loan could be ideal if you qualify for more competitive terms or if you want to get rid of mortgage insurance. But is it the ...

HICKORY, N.C. — The Carsons said they found a house in Hickory to buy “through the grace of God through a friend of ours.” They bought it a few years ago with the help of a Federal Housing ...

The average down payment for first-time homebuyers was 6% in 2019, according to the National Association of Realtors. Among all homebuyers it was 12%. If you’re like the average homebuyer and plan to ...