If you got your FHA loan after the year 2000, you may be able to cancel your FHA mortgage insurance. If you got your loan before 2000, you’ll continue to pay the premiums in most cases. If your loan ...

If you take out an FHA loan, you’re required to pay FHA mortgage insurance premiums (MIP). FHA MIP includes an upfront premium, typically paid at closing, and annual premiums. The cost of the annual ...

DEAR BOB: Recently you explained how to cancel private mortgage insurance when the PMI loan balance drops to less than 80 percent of today's market value. However, when I phoned my FHA lender, I was ...

Learn the differences between homeowners and mortgage insurance. Find out how each one protects your investment or lender and what they mean for your mortgage.

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 real estate industry has a trade-off between consumers and lenders. Consumers can get a mortgage with a small down payment, but lenders are then protected with buyer-paid mortgage insurance that ...

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 ...

Many first-time homebuyers will discover that they have to pay for something called "mortgage insurance." This adds to your monthly mortgage payment and is often an unpleasant surprise. That's ...

FHA mortgages and mortgage insurance are government programs intended to help first-time homebuyers and other in-need borrowers get loans to purchase homes. If you have a low credit score and can't ...