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logo
  • Home
  • Apply Now
  • Reference
  • Loan Process
  • Loan Programs
  • Mortgage Calculators
  • FAQ
  • About Us
  • Meet the Team
  • Employment
  • Contact
  • Locations
  • 269-488-7100

How Does Private Mortgage Insurance (PMI) Work?

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.

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About Us

We've been helping customers afford the home of their dreams for many years and we love what we do.

Company NMLS: 110139
Apollo Home Mortgage is a division of AmeriFirst Financial Corporation

Contact Us

6120 Stadium Drive Ste C
Kalamazoo, Michigan 49009
269-488-7100
800-385-7052

kmorgan@apollohomeloans.com 

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