Safety In Letters

Just about every company in the U.S. has an ‘if you lose your job’ program on the books to encourage consumer confidence in their brand. Hyundai will take your car back, but then you won’t have your car, and it certainly won’t give you $1500 every month like this C.A.R. will. That’s right, buckle up for more acronyms!

To help provide first-time buyers with peace of mind when purchasing a home, the California Association of Realtors® Housing Affordability Fund (C.A.R.H.A.F.) is offering a mortgage protection program to first-time home buyers.  Through the C.A.R.H.A.F. Mortgage Protection Program (that’s C.A.R.H.A.F.M.P.P. for those keeping track at home) 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.

This program, combined with the first-time home buyers’ $8,000 tax credit, makes it a very appealing time for renters to get off the tenant treadmill and into a home of their own. Because even if things don’t go as planned, CARHAFMPP’s got your back.

JERRY BAKER

GMAC REAL ESTATE PROFESSIONALS

530-524-8806

JBAKER@REDDINGLISTINGS.COM