What if you buy a house and then get laid off? How are you going to make the monthly?
Payment insurance makes it a bit easier
We can help. Through the state association of Realtors, we can offer a new program designed to provide peace of mind to first-time buyers who are hesitant to enter the housing market due to concerns about potential job loss, and as a result being unable to meet their monthly mortgage obligations. Qualifying buyers can receive up to $1,500 a month for up to six months in the event of job loss, a qualified co-buyer can also receive a $750 benefit for up to six months to help pay the mortgage. The insurance is effective upon close of escrow, and kicks in upon job loss.
Best of all, the program is FREE to qualified home buyers.
To qualify for the Mortgage Protection Program, Applicants must:
- Be a first-time home buyer – someone who has not owned property in the last three years (includes co-buyer)
- Close on or before Dec. 31, 2009 (purchase agreement cannot be dated before April 2, 2009)
- Use a California REALTOR® in the transaction (ahem!)
- Purchase the property in California
- Be a W-2 employee (cannot be self-employed)
Call or text me 415.300.0432 right away for more details. Cheers! Jack
Posted by Jack McLaughlin 
