Mortgage lenders require flood insurance on homes in certain FEMA-designated flood zones. Typically, the coverage requirement is either the full replacement cost of the home, the maximum amount ...

The move could save FHA borrowers about $181 on monthly payments, says BAC Co-founder and Chief Advocacy Officer Brendan McKay Introduced Sept. 19, 2025, by Reps. Gregory Meeks (D-N.Y.) and Pete ...

Even once you’ve reached the 20% equity threshold, you may still be charged for PMI.

The conventional wisdom about private mortgage insurance has long been that borrowers should try to avoid it. PMI is a requirement for conventional mortgage borrowers who put down less than 20% on a ...

Americans worried that the U.S. government shutdown could derail their plans to take out a mortgage or refinance their home loan can breathe easy — mostly. Housing experts says lenders will continue ...

With natural disasters and homeowners insurance costs making headlines, many homeowners may find themselves dwelling on "what-ifs." In at least one area, turning that anxiety into action could help ...

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 ...

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 ...

Heavy snow and frigid temperatures can leave homeowners with burst pipes and other damage. Here's what to do to minimize the ...

Private loans offer key benefits for insurance company balance sheets, including: ...