07 Sep 2010 @ 5:13 AM 
 

Job Cuts And Real Estate

 

Recession had forced many employees to cut jobs in various industries. Millions of people have lost jobs in the last financial year. Recession also affected real estate to a great extent. Many people who had lost their jobs are not able to pay their monthly mortgage loan payments. Major Bank has announced good reduction in mortgage loan monthly premium .They have reduced the premium to a minimum of $500 per month for unemployed owners. The reduced premium is less than or equal to average rental of a single bedroom flat paid monthly. Unemployed owners will be eligible for the mortgage benefit only if they submit documents proving their unemployment.

Tags Categories: Home Owners Posted By: admin
Last Edit: 07 Sep 2010 @ 05 13 AM

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