Attention home buyers: If you are hesitant to buy that house, because you're unsure of losing your job in the future, we need to talk! As a Realtor®, when you purchase your home through me, I can now offer you peace of mind: $1,500 to $2,250 per month that kicks in for your mortgage payment. Now that's what I call REAL help for home owners!
The article from the California Association of Realtors says:
"To help provide first-time home buyers with peace of mind when purchasing a home, the C.A.R. Housing Affordability Fund (C.A.R.H.A.F.) is offering a new mortgage protection program to first-time home buyers.
Through the Housing Affordability Fund's Mortgage Protection Program, first-time home buyers who lose their jobs due to layoffs may be eligible to receive up to $1,500 per month for up to six months to help make their mortgage payments. A qualified co-buyer also can participate in the program, for a monthly benefit of $750 per month for up to six months. Program benefits also include coverage for accidental disability and a $10,000 death benefit. C.A.R.'s Housing Affordability Fund is dedicating $1 million toward its Mortgage Protection Program this year, and estimates that up to 3,000 families will benefit from the program throughout 2009.
To qualify for the Mortgage Protection Program, applicants must:
. Be a first-time home buyer - someone who has not owned a home in the last three years
. Open escrow April 2, 2009, or later, and close on or before Dec. 31, 2009
. Use a California REALTOR® in the transaction
. Purchase the property in California
. Be a W-2 employee (cannot be self-employed or military personnel)
First-time home buyers must request an application for the H.A.F. Mortgage Protection Program from their REALTOR®. For applications and other information on this exciting new program, go to www.car.org/aboutus/hafmainpage/ or contact Monica Rodriguez at (213) 739-8380 or monicar@car.org."
More info about this great program is available at www.car.org/aboutus/hafmainpage/ or just contact me for details! I'm @GoldenPen on Twitter or feel free to call.
Regina P. Brown
Broker, Realtor®, e-Pro
Author of eBook "Stop Foreclosure Fast: Solutions to Save your House"
Join my NEW group for professionals who work from their home office at http://activerain.com/groups/virtualoffice
Text copyright © 2008 R.P. Brown, All Rights Reserved
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