If you take out an FHA loan, you will pay mortgage insurance no matter how much money you put down. The FHA requires at least a 3.5% down payment, but unlike conventional loans, even if you put 20% down, you will still pay mortgage insurance. Get Matched with a Lender, Click Here. But how long must you pay the insurance? When FHA Mortgage Insurance Ends Unfortunately, FHA mortgage insurance never ends unless you pay the loan off in full. In other words, you pay mortgage insurance premium … [Read more...]