Helping You To Buy The Home You Want
Mortgage insurance (MI) allows you to choose from a wider price range of homes. How? We can generally accept a lower down payment than the standard 20% if Home Savings and Trust Mortgage obtains mortgage insurance 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.

Buy More Home
You may be able to afford more home and maximize your investment if Home Savings and Trust Mortgage obtains your Mortgage Insurance for you.

	Without MI	With MI
Down Payment	20%	10%	5%
Your Available Savings	$20,000	$20,000	$20,000
Maximum Home Price	$100,000	$200,000	$400,000

Financing a home with a low down payment may be the best way to afford a home in high-priced markets.

Conserve Your Savings
The lower your down payment, the more you retain for home furnishings, other investments, future emergencies, or even college tuition.

	without MI	with MI
Home Price	20%	10%	5%
Down Payment	20%	10%	5%
Cash Down Payment	$20,000	$10,000	$ 5,000
Your Available 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 Home Savings and Trust Mortgage obtains MI on your qualified loan from a mortgage insurance company.

Increase Your Tax Write-off
A larger loan amount will have higher interest payments and could result in higher tax deductions.

Special Note
It is very important to understand that you must have additional 'reserve' cash after the down payment. Reserves should equal a minimum of 2 to 3 months housing payment, taxes and insurance.