Down Payment Protection Sees Traction in Mid-Atlantic Market

Down Payment Protection Sees Traction in Mid-Atlantic Market

Loan officers see Mortgage +Plus℠ with down payment protection as key differentiator.

DALLAS, TX (PRWEB) APRIL 28, 2017

After a launching in January, First Heritage Mortgage’s new Mortgage +Plus℠ program is seeing significant growth heading into the Spring buying season. As the only mortgage company to offer loans with down payment protection in the Maryland, Virginia and North Carolina markets, First Heritage Mortgage remains focused on delivering positive, pro-homebuyer down payment protection solutions within its fast-paced mortgage service area. 
  
“As home prices and competition across the Mid-Atlantic continue to heat up, we find that many potential borrowers are seeking greater confidence in the home buying process,” said Scott Kinne, Vice President, First Heritage Mortgage. “If home prices do become volatile, having peace of mind in knowing that their down payment can be protected is a game changer.”

PacificPlus with down payment protection now available

PacificPlus with down payment protection now available

Pacific Union Financial LLC today introduced PacificPlus, an innovative new mortgage program that protects a homebuyer’s down payment. PacificPlus has +Plus down payment protection by ValueInsured embedded directly into the mortgage loan, and is now available nationwide through Pacific Union Financial. Purchasing a home with PacificPlus gives the homebuyer a sense of safety and security that their down payment investment is protected should the home be sold in a declining real estate market.

Newspaper Media Group - The young American dream

Newspaper Media Group - The young American dream

As seen in syndicated newspapers

According to a pair of new studies, Millennials’ disinterest in owning a home is a myth

By Erik J. Martin
CTW Features

Don’t believe the hype. Contrary to popular belief, the vast majority of Generation Y, better known as Millennials, want to own a home, and most actually do, new data suggests. That’s good news for boomerang parents whose twentysomething-aged offspring moved back home in recent years due to the economic downturn.

The M Report - Serving a New Kind of Buyer

The M Report - Serving a New Kind of Buyer

As seen on The M Report

By  Rachel Williams - We sat down with industry veteran Joseph Melendez to learn how changing buyer demographics, technology, and the new administration are shaking things up. Melendez is the CEO of ValueInsured, a down payment protection provider based in Dallas. He has more than three decades in the insurance and financial services industry.

The Mortgage Reports - What’s With Mortgage Rates? Experts Offer Predictions For The Remainder of 2017

The Mortgage Reports - What’s With Mortgage Rates? Experts Offer Predictions For The Remainder of 2017

As seen on The Mortgage Reports

Mortgage Rates: The Ups And Downs

Thinking hard about buying a home? You’re likely keeping a close eye on mortgage rates, which in part determine how much home you can afford. After all, when rates go up, purchasing power goes down.

The good news is that mortgage rates remain close to historical lows. The not-so-good news is that many expect rates to be higher by the end of 2017. But it’s impossible to accurately predict rates. And a lot can change between now and the end of the year. Government policies, market conditions, world events and other issues can cause rates to rise or fall.

To get a better feel for where rates may be headed over the next nine months, I asked a group of industry experts to assess the current rate climate and chime in with their predictions.

First Heritage Mortgage Introduces Down Payment Protection To Mid-atlantic Homebuyers

First Heritage Mortgage Introduces Down Payment Protection To Mid-atlantic Homebuyers

Next Generation Home Mortgage Product Can Reimburse Homebuyers If They Need To Sell At A Loss In The Future

FAIRFAX, Va., Feb. 9, 2017 – First Heritage Mortgage today introduced Mortgage +Plus, an innovative mortgage product that protects a homebuyer’s down payment, available immediately on all applicable First Heritage mortgages. Mortgage +Plus will include +Plus down payment protection by ValueInsured embedded directly into buyers’ mortgages. With exclusivity in Washington, D.C., Maryland, Virginia and North Carolina, First Heritage Mortgage is the first mortgage lender to offer this protection to homebuyers in the region.

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HousingWire - Here are 5 bold predictions for housing in 2017 .... Plus, a bonus

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HousingWire - Here are 5 bold predictions for housing in 2017 .... Plus, a bonus

As originally appeared in HousingWire

At this time last year, I predicted 2016 would be a good year to buy a home. It appears millions of Americans agreed with me. Total home sales were up 5% in the first half of 2016, and the total annual growth is expected to cap off at 4.7%. Most encouraging is the record 34% first-time homebuyers in Q3 2016, up from 29% in 2015.

For 2017, I predict a softening led by the imminent rates hikes – Fed supported or not. But there still could be opportunities for buyers and sellers alike.

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