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 ...

Finding a financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to three fiduciary financial advisors that serve your area in minutes. Each advisor has been vetted by ...

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 ...

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 ...

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 ...

Can key changes to the mortgage insurance premium help the current administration deliver on its housing promises?

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 ...

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 ...

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 ...

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 ...