Lusby, Maryland - Home Loans, Housing Loans, and Loan Companies.

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What is PMI and why is it required? Private mortgage insurance (PMI) is insurance written by a private company that protects the lender from losses in the event the borrower defaults on the mortgage. Borrowers are required to pay the premium for private mortgage insurance. Private mortgage insurance limits a lender's exposure to financial loss resulting from loan default. If you make a down payment of less than 20%, even if you have a good credit profile, lenders generally require private mortgage insurance.
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Latest News Headlines
Tue, 29 Nov 2022 10:26:08 GMT UK mortgage approvals drop more than expected as borrowing costs rise
Repayment rates on the rise as buyers face soaring inflation and interest rates
Wed, 23 Nov 2022 05:00:08 GMT Mortgage rates on five-year fixes tip below 6 per cent
Signs of stability return to the UK home loan market following September’s ‘mini’ Budget

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