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Aug 23 2012

BIG MILES FOR MORTGAGES

If you are in the market to refinance your mortgage or buy a new home don’t forget there are miles and points to be earned for those huge purchases in life.  Here is a comprehensive list of the current loyalty programs that are offering bonus miles for a refinance or new home purchase.
 

AIRLINE LENDER BONUS DETAILS EXPIRES
American America
HomeMiles
Buying or selling a home – Earn 2,000 miles for every $10,000 of the sale/ purchase price
Home Mortgage – Earn 1,250 miles for every $10,000 financed
Move to a new state – Earn 5,000 miles when you move with Allied, NorthAmerican or Global Van Lines
Ongoing
American Wells Fargo Earn 1,000 AAdvantage miles for every $10,000 financed on a new purchase, refinance and home equity loans or lines of credit  Ongoing
Southwest Chase Earn up to 50,000 points Ongoing
United Chase Earn up to 50,000 miles Ongoing
Marriott Hotel Chase Earn up to 75,000 points Ongoing

NOTE
: Chase bank also offers 1% discount on scheduled principal and interest payments made by electronic transfer from a Chase checking account.

 

DETAILS:

With any new Chase mortgage or refinance, choose either 1% cash back or a 1% payment against your principal balance, up to $500 annually for the life of the program, when you sign up for automatic payments from a Chase personal checking account.  To qualify you must have or open a Chase personal checking account by the time of your mortgage closing.


1. OPEN A NEW CHASE MORTGAGE 
1% Mortgage Cash Back works with any new Chase mortgage or refinance.
 
2.  SET UP AUTOMATIC MORTGAGE PAYMENTS – FROM YOUR CHASE CHECKING ACCOUNT 
At your loan closing, complete your enrollment in our automatic mortgage payment service with your Chase personal checking account. With this convenient, FREE service, your mortgage payment is automatically deducted from your checking account. You’ll never miss a payment, never worry about looking for a stamp.

 

3.  ENROLL IN 1% MORTGAGE CASH BACK – CHOOSE HOW YOU WANT TO RECEIVE YOUR REWARD 

Deposited into your Chase checking account OR applied as a payment against your mortgage principal.

 

4.  WATCH YOUR CASH BACK GROW 
Keep an eye on your savings with each statement. And on each loan anniversary you’ll receive your reward – as a direct deposit into your checking account or applied against your mortgage principal.

*Be sure to ask about this feature when you apply for your Chase mortgage.

 NOTE:  You can always find updated information on my Mortgage Bonuses page.  

 

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