You want a home, but you don't want to put a lot of money down or deal with the hassles and higher interest rates of a second loan. With HomeOpeners Payment Plus, you get it all: a low down payment, lower closing fees and a single mortgage insurance premium that is financed as part of your loan payment. What's more, should you become involuntary unemployed, your mortgage payments (principal, interest, taxes, and insurance) are covered up to $2,000 per month for six months. HomeOpeners PaymentPlus is the low down payment answer you need.
Advantages for homebuyers
Only HomeOpeners PaymentPlus, with unemployment protection, can help you:
- Make low monthly payments
- Qualify for more home
- Safeguard your home investment
- Provide a backup for emergency savings
- Build equity by ensuring your entire monthly mortgage payment goes toward paying tax-deductible interest2
- Enjoy the simplicity of one loan and one payment
- Enjoy a shorter term commitment than a second mortgage
Involuntary unemployment insurance for added peace of mind
Involuntary Unemployment Insurance is additional insurance that can make a borrower’s mortgage payment – including the principal, interest, taxes and insurance. Involuntary Unemployment insurance is underwritten by certain underwriters at Lloyds, and is subject to conditions, exclusions, and instructions not necessarily included in this summary.
1. This mortgage insurance is underwritten by Genworth Mortgage Insurance Corporation (in all states except New York) and Genworth Residential Mortgage Insurance Corporation of North Carolina (in New York).
2. Lenders and borrowers should consult with a tax advisor regarding tax deductibility of mortgage interest. Information is accurate as of date of printing and is subject to change without notice. Product availability is based on property location. May not be available in all states
3. HomeOpeners Involuntary Unemployment Insurance is underwritten by certain underwriters at Lloyds.
