First Mortgage Company Introduces Job Loss Payment Protection For Home Buyers
With Mortgage interest rates at levels not seen since World War II, home prices more affordable than they have been in years and an $8,000 tax credit on the table for First Time Home Buyers, what could possibly hold someone back from buying a home? For many people it is a fear of losing their job. With all the negative publicity about our nation’s economic growth, and unemployment, it is easy to see why someone might hesitate to take advantage of today’s opportunity to buy. First Mortgage Company wants to help, and is now offering a safety net for potential homeowners to protect them from the unexpected.
Many Americans see the opportunity to own the home of their dreams as more attainable now than ever, but are hesitant due to the bleak outlook presented in the daily news. With the introduction of our new Job Loss Payment Protection program, First Mortgage Company has taken a major step in providing peace of mind to buyers in today’s market. This program is designed to help ease the stress of what is typically one of the largest decisions in our family’s lives. New customers of First Mortgage Company using FHA, VA, and USDA loans are eligible for six month’s of payments up to $1,800 covering principal, interest, taxes, and insurance if one of the signers should involuntarily lose their job during the first two years of the loan.
As a responsible lender, First Mortgage Company wants to aid in any way possible with the recovery of the housing market. We feel this program is an important step, for not only buyers, but also Realtors and builders in the markets we serve. We believe that Job Loss Payment Protection can be an effective tool in adding value while providing security, and stability to those markets.
