Job Loss Protection Program
Job Loss Protection Program
With the uncertainty of today’s economic environment so many people are delaying or wondering if that home purchase that they really want to make would be a wise move.
Well, there’s good news for all! CPS Real Estate in Sonoma County is the only real estate company to offer Homeowner Education and Loan Protection service (HELP) including the "Job Loss Protection" Programs that protects loan borrowers if they experience a loss of their employment. Provided by a 501(c)3 out of Washington DC. Since I work for CPS Real Estate I can offer you this program.
This program provides financial protection to homeowners for life’s unpredictable and unexpected events. In other words, if you purchase a home now, and unfortunately lose your job 4 months down the road, this program would step in and assist in your mortgage payments with their “Mortgage Protection Program”. Through this program, qualified homeowners who have either and FHA or VA loan, who experience involuntary loss of employment, will receive up to $1,800 per month for up to six months coverage.
Buyers would be enrolled into this program at the time of purchase. And, they don’t wait until the homeowner is experiencing problems to speak with them. They call each home buyer within 72 hours of receiving the application to introduce themselves, explain who they are, and inform you of the services that they offer. Before your first mortgage payment is due, and continuing each month for up to 2 years, they will call to provide sound financial tips and informational resources to assist the homeowner in maintaining financial stability. During the first 6 months of mortgage payments, they also will call the new homeowners to review the services that are available to them, to gauge their current financial state and to validate that their mortgage payments will be made on time.
Sound too good to be true? It’s not! If you purchase a qualified home through me at CPS Real Estate, you too can be enrolled in this great service with NO out of pocket cost to you. Homes prices are great - interest rates are low and now you have a program that will “protect you from the unexpected”.
Ready to start looking for that new HOME? Email me at leslie.tomich@gmail.com or call me at 707-543-6500.