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.
We've been helping customers since 2008 afford the home of their dreams, one client at a time and we love what we do. We stand by our client for life philosophy.
Company NMLS: 75239
25241 Paseo De Alicia Suite 230
Laguna Hills, CA 92653