California mortgage assistance program extended

The California Mortgage protection program offered through California Association of Realtors (CAR) has been extended throught December 2010. I have a feeling that home owners are not aware CAR has an assistance program to help 1st time home buyers assit in helping make their payments in the event of a job loss.

Offered by C.A.R.’s Housing Affordability Fund (C.A.R.H.A.F.), MPP provides up to $1,500 per month, for up to six months, to eligible first-time home buyers who lose their jobs due to layoffs. The funds are intended to help consumers meet their mortgage payment obligations. Qualified co-buyers also can participate in the program, and receive monthly benefits of $750 per month for up to six months.

For further details, log onto http://www.car.org/newsstand/newsreleases/mppupdate/ If it does not connect, copy and paste this link into your browser.

If you have any questions, please contact the HomeStalkers Real Estate Group for further details or to assit you in your real estate needs.