Tuesday, June 23, 2009

First Time Home Buyers can have a little piece of mind!

The California Association of Realtor's (CAR) is ready to back first time home buyers by providing these buyers with a type of insurance that will pay $1,500 toward their mortgage payment for up to 6 months if the buyer loses their job. The insurance is paid by CAR for the first year and can be extended for subsequent years at the buyers expenses.
Do you Qualify?
  1. You must be a first-time home buyer-who has not owned a home the last three years.
  2. You must have opened escrow on April 2, 2009, or later, and close on or before Dec. 31, 2009.
  3. Did you use a California REALTOR® in the transaction (this is a must since CAR is sponsoring the program...another reason why working with a REALTOR® is a good idea)
  4. Purchase the property in California
  5. You must be a W-2 employee (cannot be self-employed)
Please contact us for further information, guidelines or if you would like an application.

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