Introducing +Plus Equity Protection, Latest Product from ValueInsured to Protect Homeowners
DENVER, Oct. 24, 2017 /PRNewswire/ -- ValueInsured, the only provider of home down payment protection, today announced the availability of +Plus Equity Protection on home refinances at the Mortgage Bankers Annual Convention and Expo in Denver. The new +Plus Equity Protection program allows current homeowners to refinance their current loans and protect their equity for the future - the same way +Plus Down Payment Protection does for homebuyers.
On refinanced mortgages that include +Plus Equity Protection, ValueInsured will reimburse up to the full amount of the homeowner's equity if they need to sell at a loss in the future and market home prices have fallen.
"Like down payments, home equity represents a large portion of homeowners' savings," said Joe Melendez, CEO of ValueInsured. "That's why we're excited to expand our mortgage coverage options and now offer equity protection on home refinances. As we continue to attract more lender partners, the addition of coverage for refinances rounds out our offering and protects the vast majority of all home loan transactions."
+Plus Equity Protection is available immediately through ValueInsured's current network of retail loan officers, correspondent lenders and wholesalers nationwide. For more information about +Plus Equity Protection or partnering with ValueInsured visit valueinsured.com.