Directors Mortgage MAP program (Mortgage Assurance Program) includes a Mortgage Protection Program that protects homeowners if they experience a loss of their employment. Many Americans today are concerned with job stability and how they are going to make their mortgage payments if they lose their job.
The unemployment insurance coverage included in the Directors Mortgage MAP program assists in keeping homeowners current on their mortgage payments each month so homeowners can minimize their financial stress while they are looking for a job.
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| Coverage Period |
Twenty Four (24) months from the closing date of the mortgage.
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| Maximum Benefit |
The lesser of the actual mortgage payment (PITI) or $1,800 per month.
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| Benefit Period |
Up to a maximum of six (6) payments during the twenty four (24) month coverage term.
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Contribution Clause
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When joint mortgagors are involved, benefit amount will be based on the percentage the unemployed person’s income is to total qualifying income at the time of mortgage closing.
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Coverage For A Rainy Day
"Here when you need us"
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To learn more about the Mortgage Assurance Program, email me today!
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