As in really, really competitive. Because whether your real estate agent calls it “PMI” for “private mortgage insurance” or by the even shorter label “MI,” mortgage insurance is the right tool for the times. With MI, you can take advantage of historically low interest rates and home prices, and get in a home without having to come up with a 20% cash down payment. And your loan officer can show you how affordable it is when compared to government loans available through the FHA (Federal Housing Administration). The sooner you close the deal, the sooner you can enjoy your new home. That’s where MI comes in. Because even if you have just 3% for a cash down payment, MI can help you buy your house. Plus, as your real estate agent will tell you, the paperwork with MI is a lot easier to complete than with FHA loans, so you can often close faster (and save plenty of headaches in the process). Put simply, once your mortgage balance reaches approximately 80% of your home’s original value and your loan payments are current, your MI may be cancellable.* (In fact, a federal law mandates it. The Homeowners Protection Act of 1998 established rules for the automatic cancellation of MI.) Just ask your real estate agent and loan officer for more information on how — and when — MI can be canceled with your home loan. * Different lenders have slightly different MI requirements, so be sure to ask your lender to share the details with you. * Different lenders have slightly different MI cancellation requirements, so be sure to ask your lender to share the details with you. Mortgage Insurance is Competitive! Mortgage Insurance is Convenient! Mortgage Insurance is Cancelable! Surprise #1: Surprise #2: Surprise #3: M 5 (very pleasant) Surprises Why you’ll be glad you picked Mortgage Insurance [fold] [fold] [fold] Sample Only
Transcript
As in really, really competitive. Because whether your real estate agent calls it “PMI” for “private mortgage insurance” or by the even shorter label “MI,” mortgage insurance is the right tool for the times. With MI, you can take advantage of historically low interest rates and home prices, and get in a home without having to come up with a 20% cash down payment. And your loan officer can show you how affordable it is when compared to government loans available through the FHA (Federal Housing Administration).
The sooner you close the deal, the sooner you can enjoy your new home. That’s where MI comes in. Because even if you have just 3% for a cash down payment, MI can help you buy your house. Plus, as your real estate agent will tell you, the paperwork with MI is a lot easier to complete than with FHA loans, so you can often close faster (and save plenty of headaches in the process).
Put simply, once your mortgage balance reaches approximately 80% of your home’s original value and your loan payments are current, your MI may be cancellable.* (In fact, a federal law mandates it. The Homeowners Protection Act of 1998 established rules for the automatic cancellation of MI.) Just ask your real estate agent and loan officer for more information on how — and when — MI can be canceled with your home loan.
* Different lenders have slightly different MI requirements, so be sure to ask your lender to share the details with you.* Different lenders have slightly different MI cancellation requirements, so be sure to ask your lender to share the details with you.
Mortgage Insurance is
Competitive!Mortgage Insurance is
Convenient!Mortgage Insurance is
Cancelable!
Surprise #1: Surprise #2: Surprise #3:
M
5 (very pleasant)
Surprises
Why you’ll be glad youpicked Mortgage Insurance
[fold]
[fold]
[fold]
Sample Only
Through Genworth’s exclusive Homebuyer Privileges® program, you’ll get discounts, rebates and special offers on what you need most to transform your house into your home. Whether you’re looking to buy a new washer and dryer or new towels to throw in them, leading national merchants like Lowe’s®, Sears Commercial and Bed, Bath & Beyond® are ready to help you do it for less. Get details from your real estate agent, and if your lender participates in Homebuyer Privileges, get ready to save in a whole new way.
It’s a common fear: What happens if I suddenly can’t pay my mortgage? If your MI is through Genworth, our Homeowner Assistance Program might be able to help keep you in your home. Working directly with lenders, mortgage servicers and investors, we step in and help find the options — like repayment plans or loan modifications — that can make all the difference. We know how the system works, so we can help work the system for you when times get tough.
Mortgage Insurance offers
Peace of Mind!Mortgage Insurance delivers
Special Privileges!
Surprise #4: Surprise #5:
Since we first started selling Mortgage Insurance back in 1981, we’ve stayed true to our goal: To help people buy a house — and keep it their home. Along the way, we’ve helped millions of homebuyers do just that. And we’ve helped them do it in a sooner, safer and smarter way.
Because while MI was originally designed to protect investors from potential loss, it has evolved into a service that provides many important benefits to homebuyers and lenders. And since not all MI providers are the same, be sure to ask your real estate agent how you can experience the unique benefits of Genworth MI firsthand.
Want to learn more about Mortgage Insurance? Visit www.SmarterMI.com.
Genworth MI: It’s More Than You Imagined!
Sure, it’s a “go-to” resource. So why not go to it right now? For answers to the
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