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Keller Williams Realty at the Beach
1521 Savannah Rd
Lewes, DE 19958
Phone: (302)360-0300
Fax: (302)360-0350
Contact Page

Call Tom today for your exclusive home tour or to have your home listed by a professional. Call (302) 632-7407.

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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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A REALTORS Prayer
May I always use my hands as Your gifts to serve my clients in need. May I use the mind that You bestowed on me to always keep my client's best interest at heart. May I use the talents You provided me to be creative in serving other's needs. May I use my eyesight, my windows to this created world, to see every client as an equal. May I use my tongue in the manner of speech as if I were speaking to You. May I use my ears to listen and not just hear my clients. And may I give thanks to You for giving me the opportunity to serve your children as they seek shelter and may I never forget, under all is land to which You have provided.
 
by Tom Schoenbeck
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