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Borrowers Protection Plan®
Bank of America
If you just need a little more confidence in buying a home here in Columbia and Lexington South Carolina, this FREE service is provided to the clients of Bank of America. This service is FREE for the first year! No higher interest rates. Just a great service in case you need it.
"Studies show that 44% of borrowers enrolled in Borrowers Protection Plan ® filed a claim within the first year". - January through December 2008
"Borrowers Protection Plan® canceled about $18.4 million in mortgage principal and interest payments last year" - January through December 2008
Peace of mind security knowing you have a safety net that can cancel your monthly principal and interest loan payments when you need it most. And this can help free up more cash to pay other bills during a financially stressful time.
Additional financial relief to any disability, hospitalization, unemployment or death benefits you or your family may receive.
Affordable protection that can help prevent you from dipping into your hard earned savings to pay your loan.
| Plan |
Borrowers Protection Plan |
| Loan Type |
First and second mortgages and home refinance loans |
| Protected events |
Disability, hospitalization, involuntary job loss and/or loss of life. |
| Benefit period |
Can cancel up to 12 monthly principal and interest loan payments for each protected event. |
| One-year, NO COST Protection |
Offer available for single protection only (one borrower per loan). Joint protection available at discounted rates |
Bank of America's Borrowers Protection Plan® is NOT an insurance so there are :
CALL me now to get more information on this program and buy your home.
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