To help provide first-time home buyers with peace of mind when purchasing a home, the C.A.R. Housing Affordability Fund (C.A.R.H.A.F.) is offering a new mortgage protection program to first-time home buyers.
Just In Case You Get Laid Off
Through the 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 up to six months to help make their mortgage payments. A qualified co-buyer also can participate in the program, for a monthly benefit of $750 per month for up to six months.
More Benefits
Program benefits also include coverage for accidental disability and a $10,000 death benefit. C.A.R.’s Housing Affordability Fund is dedicating $1 million toward its Mortgage Protection Program this year, and estimates that up to 3,000 families will benefit from the program throughout 2009.
How To
To qualify for the Mortgage Protection Program, applicants must:
. Be a first-time home buyer – someone who has not owned a home in the last three years
. Open escrow April 2, 2009, or later, and close on or before Dec. 31, 2009 Mortgage Protection Program (MPP) extended through December 2010. To date, more than 1,700 first-time home buyers already have been approved for the program.
. Use a California REALTOR® in the transaction
. Purchase the property in California
. Be a W-2 employee (cannot be self-employed or military personnel)
Contact Your Realtor
First-time home buyers must request an application for the H.A.F. Mortgage Protection Program from their REALTOR®.
Thanks for reading the San Mateo Real Estate Blog.
I love questions and comments. So please leave one!
Vicki Moore, Realtor
Alain Pinel Realtors, specializing in San Mateo, CA Real Estate.
Need real estate help?
Contact me at 650.888.9268 or Vicki[@]CallVicki.com.
This is one of my favorite photos. The tractor driver thought it was funny that I was taking pictures of him. It’s a hobby I rediscovered when I started blogging – and I’m so glad I did!
I wanted to write/find some info on saving money that related to home ownership to share with you. I just started reading The Simple Dollar – their Time Machine for November 7th has a whole post on Winterizing your home.
So thanks again to The Simple Dollar!
You may need help for several of the suggestions – I will. If you need a recommendation to a good HVAC specialist – or anyone else, let me know. I’m happy to help.
Thanks for reading the San Mateo Real Estate Blog.
I love questions and comments. So please leave one!
Vicki Moore, Realtor
Alain Pinel Realtors, specializing in San Mateo, CA Real Estate.
Need real estate help?
Contact me at 650.888.9268 or Vicki[@]CallVicki.com.
San Mateo is a Northern California city of approximately 92,000 people and is located between Burlingame to the north – Belmont to the south and is about 15 minutes south of San Francisco.
The weather in San Mateo is mild all year round making it a perfect place to enjoy all the parks and open space we have.
Thanks for reading the San Mateo Real Estate Blog.
I love questions and comments. So please leave one!
Vicki Moore, Realtor
Alain Pinel Realtors, specializing in San Mateo, CA Real Estate.
Need real estate help?
Contact me at 650.888.9268 or Vicki[@]CallVicki.com.
San Carlos has been one of the more stable real estate markets in San Mateo County. It has great weather, high-ranking schools, and plenty of shopping and restaurants.
Thanks for reading the San Mateo Real Estate Blog.
I love questions and comments. So please leave one!
Vicki Moore, Realtor
Alain Pinel Realtors, specializing in San Mateo, CA Real Estate.
Need real estate help?
Contact me at 650.888.9268 or Vicki[@]CallVicki.com.
Redwood City has made major upgrades to its downtown that includes a new movie theater and restaurants. The Courthouse Square hosts a variety of events including free evening movies, live bands and dancing. Check the calendar for the next great event.
Thanks for reading the San Mateo Real Estate Blog.
I love questions and comments. So please leave one!
Vicki Moore, Realtor
Alain Pinel Realtors, specializing in San Mateo, CA Real Estate.
Need real estate help?
Contact me at 650.888.9268 or Vicki[@]CallVicki.com.
Nick’s restaurant in Pacifica has been around since the late ’20s. When you sit in the dining room you can enjoy the incredible Pacific sunsets. You have to order the garlic bread!
Pacifica is a Northern California coastal town of approximately 40,000 and is located about 15 minutes south of San Francisco. The fog can come in at a moment’s notice so you’ll always want to have a sweater handy.
Half Moon Bay has just 12,500 residents. It’s a quaint small town with a true Main Street. And is home to the world famous Maverick’s surfing competition and the yearly Pumpkin Festival.
I found The Simple Dollar.com looking at a recommended list of blogs. The first post was about the Dow and what it means when they shout the “Dow is up!” “The Dow is down!”
If you ever spend money on entertainment, you have all you need to begin investing. Instead of renting a DVD at the Redbox, stop by your library, check out a movie for free, and put aside that dollar you save. There are countless other little ways to shave just a little bit here and there without changing your lifestyle.
For the rest of the story check out The Simple Dollar. It’s worth your time.
Thanks for reading the San Mateo Real Estate Blog.
I love questions and comments. So please leave one!
Vicki Moore, Realtor
Alain Pinel Realtors, specializing in San Mateo, CA Real Estate.
Need real estate help?
Contact me at 650.888.9268 or Vicki[@]CallVicki.com.
