Homebuyers

Homeownership. Sooner. Simpler. No surprises.

When you don’t have 20% to put down, mortgage insurance is typically the easiest, safest and most affordable way to move in.

Simple. You know exactly what to expect. Now and later.

One loan. One predictable monthly payment that does not adjust over the term of the loan.
Borrower-paid MI automatically cancels when you’ve built up enough equity, and may be cancellable even sooner.*

Safe. No surprises. No upward adjustments over the life of the loan.

Eliminates the strain of a balloon payment.
Premiums are fixed and not affected by rising short-term interest rates.

Smart. Investing in the home you want now makes sound financial sense.

Become a homeowner sooner, instead of waiting to save the 20% down payment.
Now through 2010, take advantage of 100% borrower-paid MI tax-deductibility for eligible borrowers with adjusted gross incomes up to $100,000.†

*Subject to the federal Homeowners Protection Act, applicable state law and/or lender specific guidelines.

†Subject to restrictions under the Internal Revenue Code. MI tax-deductibility is based on transactions closed in 2007-2010 and borrower-paid MI premiums allocable to those years.

PMI cannot provide tax advice. Taxpayers should consult their own tax advisors concerning applicability of this new deduction to their particular circumstances under the Internal Revenue Code and the laws of any other taxing jurisdiction. This information is not intended or written to be used, and it cannot be used, for the purpose of avoiding U.S. federal, state or local tax penalties.