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.
Company NMLS: 210550, WWW.NMLSCONSUMERACCESS .ORG License No. MC-3714 Licensed by the Virginia State Corporation Commission --------- Lic. 14102 State of Maryland Department of Labor, Licensing and Regulation www.nmlsconsumeraccess.org
7619 Little River Turnpike
Annandale, Virginia 22003
Phone: 703-992-8750 Yama@washingtonmg.com