Help move-up buyers move up to more

Thanks to increased equity, home improvements and a competitive market, most move-up buyers have enough money from the sale of their previous home to put 20% down on their next house. But is that always the best choice?

Your move-up buyers may be interested in learning how putting down 15% or 10% allows them to buy a lot more house – or to keep more of the profits from the sale of their current home for other purposes, such as:

  • Beefing up their retirement account
  • Paying back student loans or adding to a child’s college fund
  • Buying furniture and appliances for the new house
  • Turning their new home into their dream home through improvements
Smiling couple with two young children outdoors

MI can help growing families grow their options

Jordan and Amy have 2 young kids and another on the way, and they’re ready to size up to a bigger home. They have enough money to put 20% down — but with daycare expenses looming and college tuition in the not-so-distant future, should they?

See how Jordan and Amy used MI to put less money down and keep more of their savings

Smiling woman thinking about her dream home

Help move-up buyers use their equity for fixer-upper funds

Maria unexpectedly stumbles across the fixer-upper of her dreams. But she’s worried she won’t have enough savings left for home improvements after making the full 20% down payment and paying for closing costs.

See how Maria could afford to buy and renovate the fixer-upper of her dreams by using private MI

Show borrowers how 15 can be greater than 20

Many borrowers believe 20% down on their home purchase is their only option. But if they put 15% down instead, they could hold on to the difference for savings, for investments or even for home improvements. Borrowers who take advantage of MGIC monthly MI could also benefit from lower closing costs. And, because MI can usually be cancelled, it’s not a permanent monthly expense.

See how you can help reshape your borrowers’ way of thinking about MI

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How you can bolster your real estate relationships

Leverage our strategic marketing program, “More options. More sales opportunities.”, designed for loan officers like you. Share the program materials with referral partners to give them new ways to grow their business.

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