The California Association of REALTORS has announced a new plan for mortgage protection for first time homebuyers. If you are considering a real estate purchase, but a little wary of the current economy, this might ease your mind a bit:
“Through the C.A.R. 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 six months, to help make their mortgage payments. A qualified co-buyer also can participate in the program, and receive 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. ” (CAR.org) For more information, contact me or visit www.car.org/aboutus/hafmainpage/carhafmortgageprotection/.
Start your home search!
The real estate inventory in Paso Robles has dropped in recent weeks, and this could be a sign of a changing market. The last several years have been a slow market, with many listings too few buyers. Now that interest rates are low, there are more buyers, and many sellers are able to refinance their home instead of sell it, which mean fewer homes for sale. This makes for a more active and competitive market! You need an agent will be constantly looking for homes for you, will notify you when there is a new listing, and will work hard to get you in to the home of your dreams, so visit KristinaWesley.com.
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