Hope Now Alliance - Mortgage Unemployment Protection - Lose Your Job, Keep Your Home
The Hope Now Alliance program is set up now to help those with subprime mortgages which are set to escalate in cost in 2008. Hope Now will offer counseling to people with subprime ARM mortgages. Borrowers who have made their payments on time will be given 'interest rate freezes' on their mortgages for the next 5 to 7 years.
Many say this is a free bail-out for people who never should have gotten the ARM mortgage to begin with. Others say if something isn't done, the country will be pushed into a recession sooner-rather-than-later.
Those borrowers who are given this reprieve should not only be thankful, they should now take time to seriously consider further insulating themselves from 'life events' which would cause them financial ruin. Involuntary Unemployment Insurance is now available, is inexpensive, and would provide cushion for something the Hope Now Alliance cannot protect them from: Unexpected Job Loss, Unemployment, Disability. The industry might be able to guarantee that the interest rate on their loan will be frozen at it's current level....but neither the Hope Now Program nor the US Government can guarantee that these borrowers will have jobs, and be healthy enough to continue working because of a disability.
An ounce of prevention is worth a pound of cure, the old saying goes. A visit to www.salaryprotector.com to check out the Mortgage Safety Plan's (www.mortgagesafetyplan.com) benefits would be a wise move for everyone involved.
John Hartline
800-562-8019
Many say this is a free bail-out for people who never should have gotten the ARM mortgage to begin with. Others say if something isn't done, the country will be pushed into a recession sooner-rather-than-later.
Those borrowers who are given this reprieve should not only be thankful, they should now take time to seriously consider further insulating themselves from 'life events' which would cause them financial ruin. Involuntary Unemployment Insurance is now available, is inexpensive, and would provide cushion for something the Hope Now Alliance cannot protect them from: Unexpected Job Loss, Unemployment, Disability. The industry might be able to guarantee that the interest rate on their loan will be frozen at it's current level....but neither the Hope Now Program nor the US Government can guarantee that these borrowers will have jobs, and be healthy enough to continue working because of a disability.
An ounce of prevention is worth a pound of cure, the old saying goes. A visit to www.salaryprotector.com to check out the Mortgage Safety Plan's (www.mortgagesafetyplan.com) benefits would be a wise move for everyone involved.
John Hartline
800-562-8019
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