Private Mortgage Insurance

Private mortgage insurance is a type of insurance that helps protect the mortgage company against losses due to foreclosure. This protection is provided by private mortgage insurance companies and allows mortgage companies to accept lower down payments than would normally be allowed.

Private mortgage insurance also enables mortgage companies to grant loans that would otherwise be considered too risky to be purchased by third party investors like the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage Corporation (FHLMC). The ability to sell loans to these investors is critical to maintaining mortgage market liquidity, which in turn, allows mortgage companies to continue originating new loans.

Your browser does not have a FLASH Player
Weekly Mortgage Rates
Freddie Mac National Averages
 30 Yr Fixed  3.87%
 15 Yr Fixed 3.14%
 5 Yr Fixed 2.80%
 1 Yr Fixed 2.76%
Hold mouse over logo for description.

LRES Real Estate Blog

Lead In Your Home

A Citizen's Guide to Radon

A Brief Guide to Mold

Asbestos in Your Home

National Clandestine Lab Register

US EPA

National Relocation

National Home Search

Realty Link Directory

ABC Real Estate Directory

Real Estate Agents Directory and Homes for Sale

UK Discount Program

 

Interest Rates at Historic Lows & Free Buyer Representation!