Purchasing homeowners insurance protects your home and...

If you’re a first-time homebuyer working on a budget for...

Image by StartupStockPhotos from Pixabay In general, if you have less than 20 percent of a down payment for the house you want, you will have to pay private mortgage insurance (PMI). This insurance is a cost to you to protect the lender if you default on the loan. In most cases, it’s better to save the 20...