Without the wax

California Association of Realtors (C.A.R.) launched a program to help first time home buyers pay their mortgage. If you the first time home buyers lose your job due to a layoff, then you maybe eligible to receive $1500 per month for six months to pay the mortgage. This program  takes away some of the anxiety of buying a home, and gives you a measurable peace of mind to know that your mortgage is covered for a while should you be laid off from your job.

The program comes with restrictions of course, and not all will be eligible. To be elligible for the Mortgage Protection Program, applicants must:

^{. Be a first-time home buyer.
. Open escrow April 2, 2009, or later, and close on or before Dec. 31, 2009
. Use a California REALTOR® in the transaction
. Purchase the property in California
. Be a W-2 employee (cannot be self-employed)
To apply for the program, home buyers must request an application for the H.A.F. Mortgage Protection Program from their REALTOR®.}