Mortgage Insurance

Private mortgage insurance is a guaranty business in which an insurer assumes a portion of a lender's risk in making a mortgage loan. For that risk, the insurer collects a premium from the lender, who then typically recovers the cost of the premium from the borrower. The "risk" in private mortgage insurance is that a borrower will default on a loan which may ultimately result in the insurer having to pay a claim.

MGIC is the founder of the MI industry, with 50 years of experience and a staff dedicated to remaining the industry leader.

Visit www.mgic.com for details on MGIC MI products, rates, ordering MI and servicing a loan.