A Plan to Help Homebuyers Who Lose Their Jobs
Long & Foster is putting a plan in place to ease the concerns of prospective homebuyers who worry that they may lose their job after they buy a new home. Starting April 20, the area brokerage will begin offering the Rainy Day Foundation's new Job Loss Protection program which will cover buyers who purchase a Long & Foster listing in the event of an involuntary job loss within the first two years of their loan. The policy covers mortgage payments up to $1,800 per month for half a year. More after the jump.