The conventional wisdom about private mortgage insurance (PMI) has long been that borrowers should try to avoid it. PMI is a ...

Private mortgage insurance (PMI) is a type of mortgage insurance for conventional loans that protects the lender in case you default on your mortgage. Home buyers who make a down payment of less ...

Scraping together a down payment for a home is a challenge, especially in today’s housing market. But one persistent ...

Currently, the average interest rate on a 30-year fixed mortgage is 6.86%, compared to 6.91% a week ago, according to the ...

you'll be required to pay for private mortgage insurance (PMI) as part of your monthly payment. If you live in a neighborhood with a homeowners association, you'll also need to pay your HOA dues.