When a big portion of your paycheck disappears into your mortgage, it’s hard to make space for anything else. But the amount ...

Private mortgage insurance (PMI) is an extra monthly fee that you pay on a conventional mortgage if you put less than 20 percent down. PMI must be terminated at a certain point in your loan term or ...

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 ...

In a strong pro-consumer move, the Bush administration has decided to allow automatic termination of mortgage insurance premiums for new customers using the nation's largest source of federal home ...

If you had to purchase private mortgage insurance to get your home loan, don’t wait around for your lender to cancel it. Everyone knows that buying a home is expensive as heck—but the list of extra ...

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 ...

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 ...

As many as 50,000 American homeowners who are eligible to do so have not asked to cancel their monthly private mortgage insurance (PMI) payments, which often cost them $1,000 a year or more. Why? Some ...

Question: I recently bought a house from a builder for $131,000. It was still under construction, but by the time I went to closing it was appraised at $140,000. I borrowed $111,000 from a mortgage ...

Housing is the biggest expense most Americans face each month, often taking up a third of their budget. If your mortgage is too large a piece of the pie, there are numerous ways to lower housing costs ...

When purchasing a home with a conventional loan, you might be required to pay for private mortgage insurance (PMI). This is generally the case if your down payment doesn’t meet a certain threshold of ...