MANCHESTER, N.H., Jan. 13, 2021 /PRNewswire/ -- Home
Diversification Corp, a startup Fintech financial product provider
and creator of the home diversification concept, today announced
the launch of their $11 mil private
funding round. The first event to be held will be a webinar
scheduled for Tuesday, January 19th,
in which investment details will be provided to visionary investors
in search of lucrative, industry-disruptive opportunities. HDC
offers that opportunity, as it stands poised to transform the home
finance and homeownership markets in the U.S. and
globally.
The Company's first-of-its-kind product, the Home
Diversification Mortgage, provides millions of homeowners the
never-before-available benefit of a Zero-Down Payment/No PMI
Mortgage with any FICO Score. The implication is huge, given
that Fannie Mae estimates $4.1
trillion in 2020 originations, a quarter of which now
require PMI mortgage enhancement.
HDC's core value proposition guarantees national home price
appreciation to homeowners, mathematically eliminating 98-percent
of mortgage credit risk to lenders and the GSEs. The mortgage acts
as credit enhancement, negating the need and cost for PMI to the
borrower. This delivers a win/win proposition for the industry, as
lenders are protected and can afford to safely originate more
mortgages, while borrowers save on average $100+ monthly on their
mortgage payment.
The Home Diversification Mortgage directly addresses the
long-standing issue of affordability, making homeownership a
reality for tens of millions more in the U.S. and abroad, while
also reducing systemic risk in the home finance market. It should
prove especially beneficial to groups that have been unfairly
neglected in the past, such as minorities and low-income families.
In the future it will provide a mortgage payment protection feature
for events such as job loss, disability, death, divorce, etc.,
which helps keep the homeowner in their home during times of
financial distress.
"For some time we've been in talks about partnership with a
number of mortgage lenders, banks, investment companies and
well-known disrupters. This includes refinancing the outstanding
$2.5 trillion in PMI and FHA
mortgages. We have Letters of Interest from a couple banks, and in
fact, I'm pleased to report we are in discussions with the top
mortgage lender about an expansive business relationship," states
Marc Biron, Home Diversification
Corp founder and CEO. "This innovation in mortgage finance will
reshape the landscape moving forward. 'What homeowner will choose a
mortgage requiring expensive PMI when they can get a Zero-Down
Payment/No PMI Mortgage with any FICO Score, and save $100+
monthly?' Indeed, we fully expect that wide-scale implementation of
the Home Diversification Mortgage will result in booms within the
global housing markets and economies – delivering new global
prosperity."
Interested investors can find out more and register for the
January 19th investment webinar by
visiting here. And be sure to check out the Company's new Mortgage
Credit Risk Reduction Analytical Methodology and Analysis that
demonstrates and mathematically substantiates the virtual
elimination of credit risk to lenders through the implementation of
the Home Diversification Mortgage. It can be found here. Contact us
today at 833-844-4663
About HDC:
HDC is a Manchester, NH-based
Fintech company. Creator of the newly established Home
Diversification concept and their exclusive Home Diversification
Mortgage. They provide solutions that help solve all-important
issues of affordability, diversification, and risk reduction,
guaranteeing national home price appreciation and substantial
monthly savings to homeowners in the U.S. and
abroad.
Media Contact:
Louis Horkan
289169@email4pr.com
833-844-4663
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SOURCE Home Diversification Corp