LOW DOWN PAYMENT SOLUTIONS |
You don’t have to wait until you’ve saved 20% to buy a home of your own. Today, there are more options than ever for borrowers without a large down payment.
If you put down less than 20% on your home, your lender must take a higher risk on your loan. The lender can cover that risk by insuring against the risk until your equity reaches 20% using some form of mortgage insurance (MI).
Mortgage Insurance, or MI, makes it possible for you to get into a home sooner. There are many varieties of coverage available. Learn how Mortgage Insurance can jump start homeownership.
Genworth’s new line of mortgage protection products can get you into your first home with little money down, and make sure you stay there, even if you lose your job!
