Job Loss Mortgage Insurance: A Second Chance at Santa Cruz Homes for Sale?
Posted by Lauren Spencer on
Even those with a steady job and sufficient income are cautious about signing their mortgages for Santa Cruz homes for sale. They realize that signing mortgages set them up with payments for a significant amount of their lifetimes. Others worry, especially now, about losing their jobs in an unstable economy. The “what if” game begins, and potential homebuyers know that, if they lose their job, there’s a very real possibility they might lose their home.
Job-loss mortgage insurance gives homebuyers a “fallback plan” should they ever lose that stable income. It’s a definite relief to many who want to buy Santa Cruz homes for sale, but can job-loss mortgage insurance really help homeowners? Or, is it just another way to swindle the innocent out of…
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