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.
Here at Bighorn Mortgage Group we know that buying or financing a home is typically one of the largest financial decision that an individual makes in their life. That's why we customize every loan program for each individual and you can count on us being with you every step of the way. With top notch customer service, the best rates and lowest closing costs Bighorn Mortgage Group is your place for home loans.
Company NMLS: 1711344
Sedalia, Colorado 80135
Phone: (303) 660-0822