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 ...

The average down payment for first-time homebuyers was 6% in 2019, according to the National Association of Realtors. Among all homebuyers it was 12%. If you’re like the average homebuyer and plan to ...

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 ...

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

While it may seem second-nature to realtors, lenders, and others in the industry, navigating the homebuying process can be overwhelming and confusing, particularly for first-time homebuyers. It can ...