An insurance plan that protects the lender if the borrower does not repay a loan. Mortgage insurance is required when a home buyer makes less than a 20% down payment at the time of purchase. Private mortgage insurance (PMI) covers conventional (fixed-year, fixed-rate) loans. The Federal Housing Administration charges a mortgage insurance premium (MIP) on FHA loans.
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Driftwood Realty Group offers an innovative approach to Real Estate. The role of our Agents doesn’t stop at the end of each transaction. As your trusted Real Estate Advisors, we provide concierge service for our customers before, during, and after the sale. Our Advisors perform at the top of their market and keep positive relationships with happy customers.