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 ...

Everything you need to know about PMI and how to get rid of it Jessica Gibson is a content update editor and writer for Investopedia. She has over 10 years of experience in digital publishing and ...

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 ...

Text Callout : Key Takeaways - How to Avoid PMI on a Mortgage With Less Than 20% Down Private mortgage insurance, or PMI, has long been considered an expensive but necessary evil for homebuyers – ...

A homebuyer might pay private mortgage insurance depending on the size of their down payment. PMI differs from mortgage insurance a borrower would pay if they use an FHA loan. Buying or selling a home ...

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 ...

Mortgage protection insurance can be an attractive option for homeowners looking to protect their investment and keep family members from financial troubles. This type of insurance policy covers ...

Buying a new home comes with many additional costs — one being private mortgage insurance (PMI) for home purchases with less than a 20% down payment on a conventional loan. This insurance protects the ...

Private mortgage insurance, or PMI, can help you buy a home faster with less than 20% down. PMI cost depends on your credit rating, loan type and down payment size. PMI can often be avoided when it ...