Clear Answers to Common Questions

From start to finish, our team will go above and beyond to ensure all your questions are answered.

Mortgage FAQs

What is Private Mortgage Insurance (PMI)?

Private Mortgage Insurance is provided by a private mortgage insurance company to protect lenders against loss if a borrower defaults.

Private Mortgage Insurance is generally required for a loan with an initial loan to value (LTV) percentage in excess of 80%.

In most cases, this will mean that you will have to pay Private Mortgage Insurance if your down payment is less than 20% of the value of the home you are purchasing or refinancing.

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Genisys Mortgage Professionals

Since 1999, Genisys Mortgage has provided a wide variety of mortgage loan options, offering personalized & knowledgeable service with a strong attention to detail to borrowers and Realtors all across Northern and Central Michigan.

Cadillac
116 E. Nelson St.
Cadillac, MI 49601
(231) 779-9817

Traverse City
1603 Barlow Street Ste 2
Traverse City, MI 49686
(231) 779-9817

Petoskey
116 E. Nelson St.
Cadillac, MI 49601
(800) 382-0035

Genisys Mortgage is a registered trademark of Mortgage300 Corporation.  2000 PGA Blvd Suite 3220A Palm Beach Gardens, FL 33408