Genworth Mortgage Insurance to offer counseling discounts to homebuyersMortgagePress.comDiscounted mortgage insurance
Homebuyers completing approved pre-purchase counseling programs
will receive discounts on mortgage insurance, under a new program
announced by Genworth Mortgage Insurance Corporation.
The Genworth Counseling Saver program will reduce standard
mortgage insurance rates for A and A-minus loans, by 10 basis
points, regardless of loan-to-value ratios or buyers' FICO scores.
To be eligible, buyers must complete eight hours of pre-purchase
face-to-face or classroom homebuyer education administered by a
non-profit, non-lending institution.
Genworth Mortgage Insurance Corporation is a division of
Richmond, Va.-based insurance holding company Genworth Financial
Inc. For more information, call (800) 444-5664 or visit www.gemortgageinsurance.com.