Mortgage Insurance Programs
Even if you can’t afford to make a 20% down payment, Wyndham can still help you move into a new home.
The combination of rising home prices, increasing taxes and unforeseen expenses related to homeownership can make saving for a 20 percent down payment very difficult. However, with a little help from Wyndham Capital, your dreams of homeownership are well within reach.
Mortgage insurance helps consumers buy a home sooner and with a lower down payment. In fact, for qualified borrowers a home can be purchased with as little as five percent down. It’s important to remember that mortgage insurance protects the lender and investor – not the homeowner – from losses related to borrower default and foreclosure. The cost of mortgage insurance depends on two factors:
1. The type of mortgage applied for
2. The amount of the down payment
Your Wyndham Capital mortgage professional can tell you more about the specific premium costs and benefits of buying mortgage insurance.
The combination of rising home prices, increasing taxes and unforeseen expenses related to homeownership can make saving for a 20 percent down payment very difficult. However, with a little help from Wyndham Capital, your dreams of homeownership are well within reach.
Mortgage insurance helps consumers buy a home sooner and with a lower down payment. In fact, for qualified borrowers a home can be purchased with as little as five percent down. It’s important to remember that mortgage insurance protects the lender and investor – not the homeowner – from losses related to borrower default and foreclosure. The cost of mortgage insurance depends on two factors:
1. The type of mortgage applied for
2. The amount of the down payment
Your Wyndham Capital mortgage professional can tell you more about the specific premium costs and benefits of buying mortgage insurance.
