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 ...

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 ...

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 ...

You may have heard that FHA loans can be a great mortgage option because they offer lower interest rates and are easier to qualify for. But easiest doesn't always equal cheaper or better. Because they ...

That’s why it’s critical to understand your documentation and know how much each monthly mortgage payment is impacting your ...

Alleviating the country’s housing challenges looks to be top of mind for the Trump administration. In an executive order signed by the president on his first day back in office, Donald Trump called ...

FHA loans are insured by the federal government and financed through lenders that sell the loans into securities guaranteed by Ginnie Mae. That backing lets investors accept slightly lower yields, ...

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 ...

FHA loans are making a comeback. Federal Housing Administration (FHA) loans picked up more than 20% of the market share in March, up from 18% at the beginning of the year and 12% the year prior, ...

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 ...