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 afford the home of their dreams for many years and we love what we do.
NMLS# 230218/DRE #01325182
Best Equity Property Services NMLS#1845124/DRE#02087311
795 Alamo Dr Suite 101 Vacaville, CA 95688
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