Home | About Us | Contact Us 
NMLS #357565

Vision Home Mortgage
223 N Pecos Rd #120 Henderson Nevada, 89074
Need Mortgage Help? 702-736-3116

How Does Private Mortgage Insurance (PMI) Work?

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.

LenderHomePage Powered By LenderHomePage.com