Ideal Lending Solutions
has introduced Protection+
, residential mortgage coverage for homebuyers that reimburses them up to their full downpayment if they need to sell at a loss due to market conditions. The established South Florida mortgage lender is offering it for free on owner-occupied, fixed rate 96.50 percent LTV FHA loans, and it is also available on most other loan options.
“We are committed to keeping our borrowers’ risk low and confidence high as they make one of the most emotional purchases of their lives,” said Wilson D. Enriquez, Florida Regional Manager at Ideal Lending Solutions, a division of American Financial Network Inc.
“Clearly, Ideal Lending Solutions understands the South Florida homebuying market and its consumers’ needs,” said Joe Melendez, Chief Executive Officer of Dallas, Texas-based ValueInsured
, provider of +Plus Down Payment Protection. “Florida homebuyers know all too well from 10 years ago that as quickly as prices can rise, they can also fall, and their savings tied up in their homes need protection.”