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Private Mortgage Insurance (PMI) is a contract
that protects the lender against financial loss if a borrower
defaults on a government mortgage or conventional mortgage.
Mortgage insurance can be issued by a private company or by
a government agency such as the Federal Housing Administration
(FHA).
Lenders may require you to carry PMI if you
have less than 20% down payment on the home that you have
purchased or refinanced.
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A Deery Theory:
"To make your mortgage process as easy as
possible with no surprises. This makes our clients feel comfortable
to refer friends and family to Deery Mortgage"
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