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Call us at
706.571.0424 or 1.866.571.FMMC (3662) for a FREE Loan Analysis! |
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PRIVATE MORTGAGE INSURANCE
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| 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. |
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