PMI IS LOWERING YOUR DOWN PAYMENT
Mortgage insurance (MI) allows you to choose from a wider price range of homes. Lenders are generally willing to accept a lower down payment than the standard 20% down if mortgage insurance is obtained on your loan through a mortgage insurance company. You can not only get the home you deserve, but you can conserve your savings and increase your income tax deductions, just by putting less money down.
<--- Back To The Index BUY MORE HOME You can afford more home and maximize your investment if you apply for a loan with mortgage insurance coverage. Without MI With MI Down Payment 20% 10% 5% Your Available Savings $10,000 $10,000 $10,000 Maximum Home Price $50,000 $100,000 $200,000 Financing a home with a low down payment loan may be the best way to afford a home in high-priced markets. <--- Back To The Index CONSERVE YOUR SAVINGS The lower the down payment, the more you retain for home furnishings, other investments, future emergencies, or even college tuition. Without MI With MI Home Price $100,000 $100,000 $100,000 Down Payment 20% 10% 5% Cash Down Payment $20,000 $10,000 $5,000 Savings $20,000 $20,000 $20,000 Savings Retained $0 $10,000 $15,000 Even if you have less than $20,000 saved, you can still afford to buy a $100,000 home with a lower down payment option if you apply for a loan with mortgage insurance coverage. <--- Back To The Index INCREASE YOUR TAX WRITE-OFF A larger loan amount will have higher interest payments and could result in higher tax deductions. Mortgage interest is one of the few remaining consumer debt items that you can deduct. <--- Back To The Index Top Of The Page | Top Of Page | Loan Library | Home Page | Financing | | Customer Service | About Heritage | Email Us |
BUY MORE HOME
You can afford more home and maximize your investment if you apply for a loan with mortgage insurance coverage.
Financing a home with a low down payment loan may be the best way to afford a home in high-priced markets.
<--- Back To The Index CONSERVE YOUR SAVINGS The lower the down payment, the more you retain for home furnishings, other investments, future emergencies, or even college tuition. Without MI With MI Home Price $100,000 $100,000 $100,000 Down Payment 20% 10% 5% Cash Down Payment $20,000 $10,000 $5,000 Savings $20,000 $20,000 $20,000 Savings Retained $0 $10,000 $15,000 Even if you have less than $20,000 saved, you can still afford to buy a $100,000 home with a lower down payment option if you apply for a loan with mortgage insurance coverage. <--- Back To The Index INCREASE YOUR TAX WRITE-OFF A larger loan amount will have higher interest payments and could result in higher tax deductions. Mortgage interest is one of the few remaining consumer debt items that you can deduct. <--- Back To The Index Top Of The Page | Top Of Page | Loan Library | Home Page | Financing | | Customer Service | About Heritage | Email Us |
CONSERVE YOUR SAVINGS
The lower the down payment, the more you retain for home furnishings, other investments, future emergencies, or even college tuition.
Even if you have less than $20,000 saved, you can still afford to buy a $100,000 home with a lower down payment option if you apply for a loan with mortgage insurance coverage.
<--- Back To The Index INCREASE YOUR TAX WRITE-OFF A larger loan amount will have higher interest payments and could result in higher tax deductions. Mortgage interest is one of the few remaining consumer debt items that you can deduct. <--- Back To The Index Top Of The Page | Top Of Page | Loan Library | Home Page | Financing | | Customer Service | About Heritage | Email Us |
INCREASE YOUR TAX WRITE-OFF
A larger loan amount will have higher interest payments and could result in higher tax deductions. Mortgage interest is one of the few remaining consumer debt items that you can deduct.
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