Exploring Loan Options

Benefits of MI

Why should you consider a loan with PrivateMI? The reasons are clear.

1. Affordable: In many cases, PrivateMI is more affordable than other mortgage finance options. PrivateMI helps first-time home buyers purchase a house sooner with less than the traditional 20% down payment. PrivateMI helps move-up buyers who want to save down payment money for other uses.
2. Predictable: With other financing options, the homeowner’s monthly costs go up when interest rates rise—but PrivateMI premiums are fixed and predictable, regardless of rising interest rates, and eliminate the risk of large balloon payments.
3. Cancelable: A loan with PrivateMI has a host of advantages over other financing options, but that doesn’t mean you’ll always need it—and it can usually be canceled when the homeowner acquires 20% equity in the home. In fact, 90 percent of borrowers cancel their PrivateMI within 60 months.
4. Deductible. If your annual household income is $100,000 or less, you may deduct the full cost of your PrivateMI premiums on your federal tax return.

But don't take our word for it. Read more about the benefits of PrivateMI, and use our tools to see if it’s the right choice for you.