When interest rates fall, you may want to refinance your mortgage. But can you explain what you hope to get out of ...

In a perfect world, all homebuyers would have the cash to pay at least 20% down on their home purchases. In the real world, it can be tough to scrape together a fraction of that amount. Mortgage ...

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 ...

The rate on a 30-year fixed refinance climbed to 6.45% today, according to the Mortgage Research Center. For 15-year fixed ...

An FHA loan is a type of mortgage geared toward borrowers with lower credit scores or who otherwise don't qualify for a conventional loan. You can use an FHA loan to buy, build or renovate a home, or ...

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 ...

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 ...

Your down payment and credit score may determine which loan is your most cost-effective option Written By Written by Contributor, Buy Side Amy Fontinelle is a contributor to Buy Side and an expert on ...

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 ...