How Does Private Mortgage Insurance (PMI) Work?
PMI companies write insurance policies to protect approximately the top 20% of the mortgage against default. This depends on the lender's and investor's requirements, the loan-to-value ratio, and the type of loan program involved. Should a default occur the lender will sell the property to liquidate the debt, and is reimbursed by the PMI company for any remaining amount up to the policy value.
TCPA CONSENT AGREEMENT
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This consent is not required to obtain our goods and services. If you prefer to be contacted by other means, please contact our customer support for assistance.
SMS CONSENT AGREEMENT
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3. Message Charges: Standard messaging and data rates may apply depending on your mobile service provider. You are responsible for any fees or charges incurred from receiving SMS texts.
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This consent is not required to obtain our goods and services. If you prefer to be contacted by other means, please contact our customer support for assistance.