Realtor Magazine - Down Payment Insurance Rolls Out Soon

A new type of insurance is expected to roll out early next year that will allow borrowers to protect the thousands of dollars they put down in purchasing a home.

Beginning next January, +Plus by ValueInsured will charge an upfront premium that will mostly be tied into the interest rate borrowers pay on their mortgage and then insure the borrower’s down payment all the way up to $200,000. The borrower will be the beneficiary.