Real Estate Trends

with Jay Rinehart

Learn the trends of the York County, SC, and greater Carolinas real estate marketplace. Knowing your market is rule #1 in home buying and property investing.

Mortgage and buyer protection plans

on Monday, June 8th, 2009 at 4:11 pm by kristab

With our partnership with Bank of America that we began almost 2 years ago, here in town it’s with Suzie Wright, we offer the Buyers Protection Plan. Now that obviously requires you to get your mortgage through them, but it is a phenomenal plan. One of the benefits is: 12 months of payments that covers when someone loses their job, passes away, or becomes disabled. That’s 3 different criteria that allow you to be protected, that is unheard of in this economy. Now one of the differences in the Bank of America plan verses some of the others out there is it is for the borrower. Which means you can buy any home that is listed with any company through Rinehart Realty with BofA and we can provide that to you, the borrower! To explain the 12 months of payment further. If you become unemployed then it would kick in immediately to help make those payments and it’s retroactive back to the date that you 1st become unemployed and there is no cap on the amount. Now you must read the fine print as with anything but this is an awesome plan! 

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