Protecting Your Home with 1PMI Insurance

What is Private Mortgage Insurance (PMI)?

Private mortgage insurance, also known as PMI, is a type of insurance that protects lenders in the event of default on a mortgage. It's typically required for borrowers who put down less than 20% of the purchase price as a down payment.

PMI helps to mitigate the risk for lenders by providing a financial safety net in case the borrower defaults on their loan payments.

How Does PMI Work?

When you take out a mortgage, the lender will require you to pay PMI if your down payment is less than 20% of the purchase price. The cost of PMI varies depending on several factors, including your credit score, loan amount, and loan term.

PMI premiums are usually paid monthly or annually, and they can be rolled into your mortgage payments.

Why Choose 1PMI Insurance?

At 1PMI, we understand the importance of protecting your home with reliable insurance. Our team is dedicated to providing personalized service and competitive rates for our customers.

With 1PMI, you can enjoy peace of mind knowing that your home is protected in case of unexpected events or accidents.