Let’s face it, we are in a difficult economy right now, with unemployment over 9% and the economy chugging along, albeit it slowly. HOWEVER, it couldn’t be a better time to buy a home with interest rates again at historic lows and prices of homes at values we have not seen since 2002!! The best way to make money in real estate is to buy when things are bad not when everything improves.

Human nature tells us to wait until things improve and prices go up and interest rates go up. Those of you who entered the stock market when it was at its low in 2008 have seen your money double!!

To further help you in your decision making process on moving into the Real Estate market now, I want to inform you of the Borrower Protection Plan. This is a unique product for home purchases covering mortgages up to $500,000:

  • The plan will waive up to 6 months of Principal and Interest Payments on your mortgage:
    • If you lose your job
    • Become disabled
    • Are Hospitalized
    • Lose your life
    • There is NO Cost for the primary borrower for the first year
    • This is not insurance but a unique product to protect you
    • No age limit, No physical exam, no exclusions
    • If you are hospitalized for 2 full days you can apply for the waiver of your Principal  & Interest payments for that month.

So if you want added protection to have up to 6 months of your Principal & Interest Payments waived in the event that any of the above instances occur please call me or your real estate professional to get all the details. Being informed on all you options is so important today!!

 

John Naclerio- 914-329-1261

Home Loans Manager

 

 

 

 

 

John Naclerio

John.naclerio@bankofamerica.com

Home Loans Manager

170 Hamilton Ave

White Plains, N.Y. 10601

O 914-287-6929