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2. How to get rid of private mortgage insurance (PMI) - AOL

   www.aol.com/finance/rid-private-mortgage...

   The Homeowners Protection Act of 1998 requires that lenders remove private mortgage insurance when a borrower reaches a 78 percent loan-to-value (LTV) ratio. For example, if the purchase price of ...

3. How to Avoid PMI - AOL

   www.aol.com/finance/avoid-pmi-163543476.html

   The simplest way to avoid PMI is to make a down payment of at least 20% of the purchase price. With home sale prices averaging well over $400,000 nationally, however, this means a down payment of ...

4. How to lower your mortgage payment

   www.aol.com/finance/lower-mortgage-payment...

   Mortgage payments consist of four parts, or PITI: principal, interest, taxes (property) and insurance (homeowners and/or private mortgage insurance). To lower mortgage payments means addressing ...

5. Mortgage insurance - Wikipedia

   en.wikipedia.org/wiki/Mortgage_insurance

   Borrower paid private mortgage insurance, or BPMI, is the most common type of PMI in today's mortgage lending marketplace. BPMI allows borrowers to obtain a mortgage without having to provide 20% down payment, by covering the lender for the added risk of a high loan-to-value (LTV) mortgage.

6. Loan modification in the United States - Wikipedia

   en.wikipedia.org/wiki/Loan_modification_in_the...

   Loan modification is the systematic alteration of mortgage loan agreements that help those having problems making the payments by reducing interest rates, monthly payments or principal balances. Lending institutions could make one or more of these changes to relieve financial pressure on borrowers to prevent the condition of foreclosure.

7. Paying PMI? Here’s How to Remove the Monthly Mortgage ... - AOL

   www.aol.com/news/paying-pmi-remove-monthly...

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8. Home Affordable Refinance Program - Wikipedia

   en.wikipedia.org/wiki/Home_Affordable_Refinance...

   Take for example a house that was purchased for $160,000 but is now worth $100,000 due to the market decline. Further, assume the homeowner owes $120,000 on the mortgage. In this scenario, the loan-to-value ratio would be 120%, and if the homeowner chose to refinance, he would also have to pay for private mortgage insurance.

9. What are the monthly payments on a $500,000 mortgage? - AOL

   www.aol.com/finance/500000-mortgage-payment...

   Assuming a 30-year fixed-rate mortgage at 6.5% interest, including estimated property taxes and insurance, the payment on a $500,000 mortgage would be around $3,555 a month.