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GO MI for Portable Mortgages
Americans are on the move – and so are their mortgages! Many Members want to take their low rate with them when they have to relocate. Your Credit Union can offer a portable mortgage insured by CMG MI’s GO mortgage insurance (GO MI).
With GO MI, you can support your Members’ life changes while protecting your Credit Union:
- Portfolio your portable mortgages without worry – because GO MI helps reduce the risk
- Build long-term loyalty and repeat relationships with Members
- Tell Realtors® and builders you offer this unique product
These mobile Members don’t want to give up their low rate and shop around for a new loan. A portable mortgage insured by GO MI is a great way to help them out.
Reach Out to Members on the Go!
- Military personnel
- First-time homebuyers
- Seniors and empty-nesters
- Relocating professionals
Under the GO MI program, Standard Rates apply.
It’s the Easy Way to GO – for You and Your Members
| Your Credit Union will love: |
Members will love: |
| Building long-term, repeat relationships with Members |
Taking their low rate with them when they move |
| Putting portable loans in portfolio without worry |
Not having to shop for a new mortgage |
| Telling local Realtors and builders how you can help their clients |
Building equity |
GO MI is Exclusively Available from CMG MI
- Purchase only
- Standard and A-Minus rates available
- Loan amounts up to $500,000
- No second/vacation homes or condos greater than four stories
- Plus, MI premium is now 100% tax-deductible for Members with adjusted gross incomes up to $100,000 through 2010*
An Addendum to the Note and an Informational Disclosure are available from CUNA Mutual’s LOANLINER Documents!
Back to Premium Plans and Products
For more information, contact your CMG MI Account Executive, or call CMG Mortgage Insurance Company at (800) 909-4264.
*Members should consult their tax advisor. |