
Compare our 4 most popular premiums plans to determine which best suits your borrower.
Borrower-paid Monthly Premiums make up the most widely accepted premium plan in the industry because of their simplicity and ease of use. Other advantages include:
Borrowers who want to:
Borrower-paid Single Premiums are available in both refundable and nonrefundable options. Advantages include:
Borrowers who want to:
Borrower-paid Split Premiums give your borrowers the option of paying part of the MI premium up front, in order to reduce the monthly MI premium paid along with their mortgage payment, similar to FHA loans. Advantages include:
Borrowers who want to:
The lender pays the LPMI Single Premium at the time of insurance activation. Lenders often either increase the interest rate or charge borrowers an origination fee to cover the cost. Coverage remains in place for the life of the loan and can’t be cancelled by the borrower. Advantages include:
Borrowers who want to: