SplitEdgeSM
SplitEdge - The MI Option that Serves Two
SplitEdge is an innovative product that splits the cost of the MI premium with homebuyers. The cost is shared through paying a refundable, upfront MI payment. By sharing this cost, homebuyers can qualify for more house and lower their monthly payments.
Additional benefits:
- Lower monthly renewal rates for MI premiums
- No balloon payments
- Refundability of the unused MI premium if the loan prepays
- Preserved homebuyers' ability to build and borrow against their home's equity
- More convenient than a piggyback - just one loan, one closing and one monthly payment
How does SplitEdge compare to other types of MI or piggyback loans?
View the comparison chart.
Learn more about SplitEdge and see examples of how the numbers speak for themselves. View our brochure for lenders or view our brochure for borrowers.
More questions? Contact our MI professionals.
View SplitEdge rates and guidelines.
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