Home Purchase

Refinance - Debt Consolidation - Home Equity

History of PMI

Private Mortgage Insurance originated in the 1950s with the first large carrier, Mortgage Guaranty Insurance Corporation (MGIC), referred to as “magic”. For this reason, early PMI methods were deemed to “magically” assist in getting lender approval on an otherwise unacceptable loan package. Today, there are eight PMI insurance underwriting companies in the United States.

Licensed by the PA Dept of Banking, NMLS# 109471

Equal Housing Opportunity