Typically the buyer covers the cost of PMI, but the lender is the PMI company's client and shops for insurance on behalf of the borrower. Lenders usually deal with only a few PMI companies because they know the guidelines for those insurers. This can be a problem when one of the lender's prime companies turns down a loan because the borrower doesn’t fit its risk parameters. A lender might follow suit and deny the loan application without consulting a second PMI company which could leave all parties in an undesirable position. The lender has the difficult task of being fair to the borrower while shopping for the most effective way to lessen liability.
Our focus is to be the best home financing choice for homeowners looking for transparency, speed, service and affordable financing terms.
Company NMLS: 365482
875 Garnet Ave
San Diego, California 92109
Phone: (858) 605-0952
Prospect Home Finance strives to ensure that its services are accessible to people with disabilities. Prospect Home Finance has invested a significant amount of resources to help ensure that its website is made easier to use and more accessible for people with disabilities, with the strong belief that every person has the right to live with dignity, equality, comfort and independence.
Prospect Home Finance makes available the UserWay Website Accessibility Widget that is powered by a dedicated accessibility server. The software allows prospecthomefinance.com to improve its compliance with the Web Content Accessibility Guidelines (WCAG 2.1).
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Prospect Home Finance continues its efforts to constantly improve the accessibility of its site and services in the belief that it is our collective moral obligation to allow seamless, accessible and unhindered use also for those of us with disabilities.
Despite our efforts to make all pages and content on Prospect Home Finance website fully accessible, some content may not have yet been fully adapted to the strictest accessibility standards. This may be a result of not having found or identified the most appropriate technological solution.
If you are experiencing difficulty with any content on Prospect Home Finance website or require assistance with any part of our site, please contact us during normal business hours as detailed below and we will be happy to assist.
If you wish to report an accessibility issue, have any questions or need assistance, please contact us by sending an email to: firstname.lastname@example.org