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2. I almost made the mistake of paying for mortgage insurance ...

   www.aol.com/finance/almost-made-mistake-paying...

   If you’re a first-time homebuyer doing the research to learn about the process of getting a home loan, here’s what you need to know about mortgage insurance. ... 80% of the home.” Common ...

3. Is home insurance required? - AOL

   www.aol.com/finance/homeowners-insurance...

   Mortgage insurance is a separate insurance policy in addition to your homeowners insurance and depending on the down payment made to purchase your home, your lender may require it.

4. How to compare lenders for first-time homebuyers - AOL

   www.aol.com/finance/compare-lenders-first-time...

   First-time buyers may find that they need to pay for mortgage insurance, which covers the risk associated with financing their loan, if they put down less than 20 percent on their home. In the ...

5. 16 first-time homebuyer mistakes to avoid - AOL

   www.aol.com/finance/16-first-time-homebuyer...

   First-time buyers often get a mortgage from the first (and only) lender or bank they talk to, and that’s a big mistake. ... achieved 80 percent equity in your home. 11. Assuming you need a 20 ...

6. FHA insured loan - Wikipedia

   en.wikipedia.org/wiki/FHA_insured_loan

   The basic FHA mortgage insurance program is Mortgage Insurance for One-to-Four-Family Homes (Section 203(b)). [24] FHA allows first time homebuyers to put down as little as 3.5% and receive up to 6% towards closing costs. However, some lenders won't allow a seller to contribute more than 3% toward allowable closing costs.

7. What is a mortgage? A definitive guide for aspiring homeowners

   www.aol.com/finance/mortgage-definitive-guide...

   Mortgage insurance – Your monthly payment might also include a fee for private mortgage insurance (PMI). For a conventional loan, this type of insurance is required when a buyer makes a down ...