how can i avoid paying mortgage insurance 
if you don t want to pay private mortgage insurance when you borrow funds for a new home you ll need to put down at least 20 depending on the lender you might also be able to avoid pmi by choosing a mortgage with a higher interest rate that compensates the lender for the additional risk 2 however some loans such as fha loans will require mortgage insurance premiums regardless of the equity you hold in the home the bottom linemortgage insurance protects the lender in the event that you cannot meet your mortgage obligations lenders require you to pay for private mortgage insurance if you put down less than 20 on a conventional loan but you can request to drop the insurance once you have sufficient equity for government backed fha loans however you re required to pay mortgage insurance premiums for the life of the loan 