What is Down Payment Protection?
Down Payment Protection protects up to the full amount of the homebuyer's initial down payment, in the even of a loss.
Th Your investment in your home will most likely be the largest investment you will ever make, so any measures to reduce the risk deserve careful attention. This means that a major decline in your home value could wipe out your owners equity leaving you with more to owe than you home is worth. However, homebuyers are now able to buy insurance to protect their down payments in the event they sell their home at a loss.
Much like title insurance protects the lender, this product promises to reimburse homebuyers for their fully downpayment should they want to sell their new home for any reason…