Homeowner Job Loss Protection

I have written about this in the past but through a different company. Now Genworth which is one of the mortgage insurance companies that insures loans with less than 20% down is offering it for no additional cost

Advantages of Job Loss Protection:

• Helps protect credit by keeping up with your mortgage payments.
• Safeguards the investment made in your home.
• Makes emergency savings go further.
• Provides some peace of mind during the stress of unemployment.

Up to $2000 a month (including principal, interest, taxes, insurance), up to 3 monthly payments per job loss occurrence, with a maximum of 6 payments during the benefit period, and up to 3 years after loan closes, while the mortgage
insurance remains in place.

For more information click on this link http://mortgageinsurance.genworth.com/HomeOpeners/Default.aspx