We have some good news for you. With the challenges of the economy, we have created a program that will provide a benefit to our home buyers. It is called the Home Mortgage Protection Program (HMPP) and it offers buyers peace of mind should they lose their job after purchasing their home.
The program is provided through the Rainy Day Foundation, which is a non-profit mortgage/personal finance counseling service. Their mission is to help homeowners who are having trouble with their mortgage payments under their Homeowners Education and Loan Protection (HELP) program. Within HELP they offer the Home Mortgage Protection Program, giving a home buyer some protection from job loss by paying up to six months of their mortgage payments if they lose their job any time within two years after closing.
There are only a few real estate brokers and mortgage lenders across the country offering this program. Our mortgage company, John Adams Mortgage has been approved to offer this program and the details of HMPP are included in the attached documents. John Adams Mortgage is coordinating the program with the Rainy Day Foundation and our loan officers will be happy to explain the program and answer any of your questions.
The HMPP cost is $550 and is available on any listing however, it can not be paid for by the home buyer. It must be paid for by the seller as a "seller concession". John Adams Mortgage Company (JAMCO) is offering this program to all qualified home buyers who obtain their mortgage loan from JAMCO.
Contact us for more information.
If you have executed an "Exclusive Buyer Agency Agreement" with another broker please disregard this post as it is not our intent to solicit business from another broker
Kay Pearson and Robin Cutler
31 S. Main Street
Clarkston, Michigan 48346
248-860-0366
kaypearson@maxbroock.com
www.KayPearson.com
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