What is Private Mortgage Insurance?

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What is Private Mortgage Insurance?

PMI or MI also known as private mortgage insurance, is an insurance required on all FHA mortgage loans (regardless of down payment amount) and Conventional loans (whenever the borrower(s) come in with less than 20% down payment). Mortgage insurance was created to help insure the lender so that in the case of default, the lender…

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Andre Enriques
License # NMLS 220937
DRE # 01713544

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Andre Enriques Mortgage Banker - VA Loan Expert, a dba of Anchor Funding Inc

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Phone: (619) 323-2066
Cell (619) 208-6499
891 Kuhn Drive, Suite #204
Chula Vista, CA 91914

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6336 Greenwich Dr, Suite A
San Diego, CA 92122

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NOT ALL APPLICANTS QUALIFY. First Priority Home Loans is a DBA of Anchor Funding, Inc. is licensed by The
California Bureau of Real Estate #01276087. FHA Non-supervised lender #00257-0000-5
NMLS #1626581 & #236419
NMLS Consumer Access
Loans made or arranged pursuant to the California Department of Financial Protection and Innovation
California Finance Lenders Law license number 603 L293