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Carolina One Real Estate and the Jim Mills Team are now offering a new Program to assist Buyers.  Ask one of our Team members about this great new Program and how it may benefit you, as a Seller or a Buyer.

HELP (Homeowner Education and Loan Protection), is a Program offered through the Rainy Day Foundation, a 501 ( c ) 3 non profit organization which was established to create and maintain responsible home ownership.  HELP’s mission is to educate and financially assist homeowners who experience unexpected short term financial problems, like job loss.  The foundation is not an insurance company.

The cost is $500 to the Seller, paid at closing if the Buyer is qualified for the program.  A Buyer may not buy it for himself.

There are qualifying guidelines for the Buyer.  The Buyer must be between the ages of 18 and 66, employed full time (minimum of 30 hours a week), reside in the US, and cannot be self employed, an independent contractor or active military.  The Buyer must remain employed for 60 days after closing to be eligible for coverage.

If the Buyer involuntarily becomes unemployed, coverage begins 30 days after unemployment begins in the amount of $1800 a month or the amount of the mortgage payment (PITI), whichever is less, for up to 6 months within the first 2 years after closing.  If there are co-borrowers and one loses his/her job, the amount of the benefit is prorated proportionate to qualifying income.

Our Team members will be trained to assist you with the Program within the next several weeks, so give us a call.