Homeowner Benefits

BENEFITS TO THE HOMEOWNER

No Down Payment

This appeals from the first time homebuyer to the jumbo borrower.

Fast Equity Build-up

The homeowner builds equity two ways: first, with the bi-weekly payments rapidly reducing the mortgage principal balance, second, with the cash build up of the Universal Life Policy.

Lower Interest Expense

The bi-weekly payment schedule reduces mortgage interest expenses.

Portable Policy

The Insurance Policy can be transferred from home to home as collateral, or to cover any shortfalls in the sale of the home.

Lender Paid PMI

Saves the homeowner thousands of non-tax deductible dollars.

Paid In Full Policy -- A Backstop

In an emergency, the Mortgage Investor could withdraw from the Insurance Policy’s cash surrender value for the homeowner, to prevent an interruption of mortgage payments.

Pay-Off Option

Rapid reduction of the loan through bi-weekly payments, plus the growth of the Insurance Policy’s cash value, gives the homeowner the option to pay off the mortgage balance three to four years faster than with normal bi-weekly payments.

Faster Pay-Off Acceleration

The homeowner can increase the size of the Insurance Policy. This would accelerate the policy growth and allow the homeowner to pay off the mortgage even earlier. Another option for the homeowner would be to allow the Insurance Policy cash value to grow for a retirement or college fund.