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Benefits of Private Mortgage Insurance

Fairway Fort Lauderdale is committed to providing you with the best loan experience from the moment you submit your application. We are always here to help refer you to our trusted real estate partners while explaining all of the variables of home loans and finding the best home loan for your needs.


Depending on the type of loan you choose, you may need private mortgage insurance, or PMI. If your down payment for a home is less than 20%, most lenders require you to purchase PMI, which protects the lender if you are unable to pay your mortgage. PMI benefits you as the homebuyer because it allows you to purchase a home with less than a 20% down payment.


At Fairway Fort Lauderdale, we would be happy to talk with you about mortgage options that allow you to use a down payment of less than 20%. Interested in moving to Fort Lauderdale or buying a new house? We are here to help you! Call us to set up a time when we can review your finances and goals to determine the best home loan program for you.


Schedule an appointment today!

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