MGIC MI Solutions
For most Americans, buying a home is the biggest investment they will ever make. Buying a home was a big investment in the 1950s and that holds true today, more than 50 years later.
Matching qualified borrowers with homes and mortgages takes professional analysis and knowledge. MGIC can help. We've been helping lenders turn homebuyers into homeowners since 1957.
MGIC offers different mortgage insurance options designed to fit the different needs of borrowers.
MGIC MI Options
Each MGIC MI option below includes a description, benefits of that program to you and which borrowers it works well with. Use the comparison table for quick reference to MI option features.
| Characteristics | Monthly Premiums | Split Premiums | One-Time MI | SingleFile |
|---|---|---|---|---|
| Tax-Deductible | X | X | X | X |
| Refundable | X | |||
| Cancelable | X | X | X | |
| Low Monthly Payment | X | X | X | X |
| Financeable | X | X | ||
| No Borrower MI | X | |||
| No Monthly MI Payment | X | X |
MGIC MI Benefits
For you:
- structure safe, high-LTV loans
- differentiate yourself from competition by:
- broadening the options you provide borrowers
- notifying borrowers when they may be able to cancel MI and reduce their monthly mortgage payment
For your borrower:
- buy a home sooner
- increase buying power
- broaden cash-flow options
- cancel coverage