The rate on a 30-year fixed refinance declined to 6.32% today, according to the Mortgage Research Center. The 15-year, ...

There are several advantages to the 20% rule, including that it lowers your mortgage rate and increases your mortgage approval chances. Of course, putting more down up front also means that your ...

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 ...

Don't accept the first rate you're quoted. With mortgage rates at 1-year lows, these six strategies — from credit tweaks to ...

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 ...

To get the refinance you want, you need to explain your goal in words that the lender understands. This is a guide to what to ...

The current average mortgage rate on a 30-year fixed mortgage is 6.23%, compared to 6.36% a week earlier, according to the Mortgage Research Center. For borrowers who want a shorter mortgage, the ...

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 ...

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 ...

Let’s start off the new year with a money saving tip, especially for low-down payment, first-time owners who bought a home more than two years ago. If you bought your home using conventional financing ...

Normally when someone has a low mortgage rate, they don’t refinance into a higher one ...

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 ...