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 ...

Scrounging up the money for a standard 20% down payment on a home can be a challenge for some. If you fall short of this prespecified amount, you will likely encounter private mortgage insurance, or ...

The following article originally appeared on Unison.com. You know you need to pay homeowner’s insurance when you purchase a home. And for good reason: that policy protects you should anything ...

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 ...

A 20% down payment on a home was once the benchmark, but many buyers can't or choose not to come up with this amount. One downside of skipping a traditional down payment is that you'll owe private ...

Homebuyers can avoid paying PMI if their down payment is large enough Barclay Palmer is a creative executive with 10+ years of creating or managing premium programming and brands/businesses across ...

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 ...

PMI has significant financial resources to pay insurance claims on defaulted loans. As of March 31, 2008, PMI's combined U.S. mortgage insurance companies had statutory capital of $2.6 billion, liquid ...

Not every home buyer can afford a down payment of 20 percent or more. That makes mortgage lenders nervous, which is why many require borrowers to pay for costly private mortgage insurance (PMI).