How Mortgage Insurance Works

Five Simple Steps To Mitigate Risk

• Borrower wishes to buy home but does not have large deposit
• Borrower puts down a small deposit
• Lender will buy cover (MI) on the Borrower's Mortgage
• Lender's Risk reduced in line with level of MI cover 
• Cover can be Lender, Borrower or Combination Paid

In the case of Borrower Default

• Lender notifies Genworth of Borrower Default
• Genworth pays claim to Lender within pre-agreed      timescales