Private Mortgage Insurance

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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"Thank you for all your help and your patience.  We love the house!  We're so excited!"

         -Laura Rodriguez

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         -Felipe Rodriguez

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         -Keilah and Martha Reyes

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"Richard went above and beyond the call of duty when he sold our properties. He kept us informed and at ease every step of the way. We will definitely recommend him to family and friends."

         -Doyle and Novel Dickens

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"Richard walked us through every step in our purchase and still is there if any other question arise. We would recommend him to everyone for buying or selling a home."

         -Don and Mary Williamson