Many first-time homebuyers will discover that they have to pay for something called "mortgage insurance." This adds to your monthly mortgage payment and is often an unpleasant surprise. That's ...

DEAR BOB: Recently you explained how to cancel private mortgage insurance when the PMI loan balance drops to less than 80 percent of today's market value. However, when I phoned my FHA lender, I was ...

Sponsorship Mention Mortgages backed by the Federal Housing Administration (FHA) may have more flexible credit and income requirements than conventional mortgages, but there are still other ...

Fees associated with Federal Housing Administration-insured mortgages are set to see a major price cut. The FHA is set to reduce the annual mortgage insurance premium – the monthly fee to insure the ...

Reina Marszalek is a senior mortgage editor at Fox Money who has spent more than 10 years writing and editing content. Fox Money is a personal finance hub featuring content generated by Credible ...

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PMI is a type of insurance that protects the lender, not the borrower, in case the homeowner defaults on a conventional loan.

FHA mortgages and mortgage insurance are government programs intended to help first-time homebuyers and other in-need borrowers get loans to purchase homes. If you have a low credit score and can't ...

If you got your FHA loan after the year 2000, you may be able to cancel your FHA mortgage insurance. If you got your loan before 2000, you’ll continue to pay the premiums in most cases. If your loan ...