What is private mortgage insurance?
Mortgage insurance protects the mortgage lender against loss if a borrower defaults on their loan. Private mortgage insurance is required for borrowers of conventional loans with a down payment of less than 20%. FHA loans and VA loans are essentially public mortgage insurance as borrowers pay higher insurance premiums in exchange for a low down payment. These funds allow the FHA to insure lenders against losses if borrowers default on FHA-approved loans. Mortgage insurance costs are included as part of the monthly loan payment.
Contact Us
1455 W 16th Street, Yuma Arizona.
Call: 928-446-3019
Email: [email protected]
Office hours:
8 a.m. to 5 p.m. Closed 12pm-1pm Monday through Friday
Open Saturday and Sunday by appointment
Have Questions? Call Us Today @ 928 726-REAL (7325)
Contact Us
1455 W 16th Street, Yuma Arizona
Call: 928-446-3019
Email: [email protected]
Office hours:
8 a.m. to 5 p.m. Closed 12pm-1pm Monday through Friday
Open Saturday and Sunday by appointment
Powered by My Rental Superstore, DB