Tuesday, August 25, 2009

This is not Down Payment, but a new program you may be interested in.

This may be off topic, but this new program might be of interest to you. If you have a job, or plan on having one, there is a new program that will garantee that if you are laid off of your job, and have bought a house with this program, it will pay your mortgage up to $1800 a month for up to six months. If you are concerned about committing to a mortgage, this may help your peace of mind.

There are some restrictions, of course. It does not cover you if you are self-employed, if you voluntarily quit, or are fired for your own reasons. But it does cover you if you are laid off through no fault of your own. If there are two people on the mortgage it will pay approximately half of the amount you would be entitled to. This protection lasts up to two years after the purchase.

This program is just starting, and is only offeeed by a few brokers, so email me at debbiewright@mymaximumone.com for more information. WE can also offer it on listings, so if you are thinking of selling your home, email me to see how you enhance your chances of selling your home with this program.