Tag: mortgage insurance
Private mortgage insurance (also known as PMI) is the extra money you’re expected to pay when you put down less than 20 percent as a down payment on a house. So while getting a home with a low down payment makes housing more accessible to millions of Americans, it also increases their monthly costs. Learn what you need to know about mortgage insurance to manage your housing costs effectively so you can reduce your obligation strategically to get ahead.
Aug 24, 2016 | Meghan Alard
HUD is calling for an investigation of down payment assistance programs to ensure practices are fair, but homebuyers may simply not be fully informed.
Jun 03, 2015 | Meghan Alard
A study by Zillow finds mortgages at lower price points cost more per dollar borrowed, but does this mean your fair housing rights are being violated?
Jan 13, 2015 | Meghan Alard
Even though market conditions are almost perfect right now for homebuyers, many who currently rent are wary to take on a mortgage. We explain why.
Oct 03, 2014 | April Lewis-Parks
Consumers say they are confident, but reveal they are not well informed about the home buying process. Get expert advice to clear up the confusion.
Oct 01, 2014 | Meghan Alard
There are less first-time home buyers than ever before and it’s because the FHA has more than doubled its insurance fees. But there is help available.