Mortgage FAQs

What is Private Mortgage Insurance (PMI)?

Private Mortgage Insurance is provided by a private mortgage insurance company to protect lenders against loss if a borrower defaults.

Private Mortgage Insurance is generally required for a loan with an initial loan to value (LTV) percentage in excess of 80%.

In most cases, this will mean that you will have to pay Private Mortgage Insurance if your down payment is less than 20% of the value of the home you are purchasing or refinancing.


Additional Mortgage FAQs

Let's Connect

EXPERIENCE CASON'S New day in Home Loans and skip the stress typically found in the MORTGAGE PROCESS

  • This field is for validation purposes and should be left unchanged.