So you're thinking about buying a house but there's still so much uncertainty around us - Are we coming out of the recession yet? Is your job secure? Are interest rates going to be going up?
All of us at Shorewest Realtors® are committed to working with you to help you find the option that best fits your current situation.
We are now offering the Job Loss Protection program, which is an optional, seller-funded mortgage protection program. Should the buyer lose his/her job within the first 24 months following closing, the Job Loss Protection program provides up to six months of mortgage payments (up to $1800 per month).
This program is part of the HELP (Homeowner Education and Loss Protection) program, which is administered by the Rainy Day Foundation.
A buyer is eligible for this program if the following criteria are met:
•· Must be employed at least 30 hours per week at the time of closing
•· Cannot be self-employed, working as a contractor, or actively serving in the military
•· Cannot own more than 10% interest in his/her employer's business
•· Must be 18-66 years of age and live in the United States
•· The property must be the primary residence, second home, or single-unit investment
This program can benefit sellers, as well, as it provides "added value" over others on the market and may increase the level of buyer interest, therefore increasing the number of showings. The cost ($500) is payable at closing only if the buyer accepts the program.
More information about this great opportunity can be found at Shorewest.com.
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