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Personal Mortgage Insurance 

Personal Mortgage Insurance

Personal Mortgage Insurance offers protection only for the lender. This insurance pays off the lender in the event the borrower defaults on the mortgage. Lenders generally require PMI whenever the down payment on a purchase is less that 20 percent of the purchase price. PMI premiums can be expensive. Usually, advance payment of the first year's premium is due, in one lump sum, upon purchase. A monthly premium is then added to the mortgage payment. PMI can be terminated when the equity in the property reaches 20 percent due to payments of mortgage principal, appreciation in the value of the property, or both. Lenders require an appraisal to establish that the 20 percent threshold has been reached. Note that hazard insurance, title insurance and PMI represent examples of the principle of relying on another person's insurance. The owner of the property will be compelled by the lender to pay for the insurance, even though the lender will be a beneficiary of the insurance.
 

Why PrimeQuote Term Life Insurance for your Personal Mortgage Insurance Quote
There are many reasons to choose PrimeQuote Insurance for your Personal Mortgage insurance needs.

You will only be contacted by us; we never sell your personal information to third parties, like insurance marketers or telemarketers.
Our state-of-the-art quoting database qualifies you for the inexpensive and excellent coverage you need and deserve.
We provide quotes from a broad array of insurance companies, making sure you receive the best value for your money that the market has to offer.
Our longstanding history of excellent customer service and our meticulous attention to detail leaves no stone unturned in our effort to provide you with the best term life insurance.
We only quote rates from highly rated and respectable insurance companies, which means you receive the best coverage out there.
We pride ourselves on providing personal customer service during extended business hours, ensuring that you always are able to speak with your assigned representative.

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