Earn 1000s of Frequent Flyer Miles with a New Home Loan
In the highly competitive home loan marketplace, direct lenders are going beyond simply promoting "great rates" and "low monthly payments." These lenders are pulling out all the stops to entice customers to complete a home purchase, or get debt consolidation or home equity loans.
Earning a free toaster or trip to the day spa just isn't enough of an incentive for shoppers looking for a home equity, home purchase or mortgage refinance loan. What potential borrowers really want to know is: Can a mortgage refinance pay for a dream vacation?
Frequent Flyer Program Incentives
Select mortgage lenders have partnerships with airline loyalty programs, awarding frequent flyer miles to customers upon closing a new loan. Based on the loan amount, borrowers can earn thousands of miles in a participating frequent flyer program. Since mortgages generally involve a substantial amount of money, you could earn enough miles to take your family on a trip, depending on your lender's program.
Airlines Participating in This Promotion
Since frequent flyer program promotions help build awareness and attract business, many of the major airline loyalty programs are participating, including:
| Delta SkyMiles | Apply Now! |
| Hawaiian Airlines | Apply Now! |
| United Mileage Plus | Apply Now! |
| US Airways® Dividend Miles® | Apply Now! |
Who Is Eligible for Frequent Flyer Program Participation?
You don't have to complete a new home purchase to earn mileage. Buyers may be eligible for this frequent flyer program promotion when they close:
- Debt consolidation loans
- Home equity loans (or HELOCs)
- Mortgage refinance loans
Are There Any Restrictions on Mileage Usage?
Depending on the airline loyalty program you choose, you can redeem the mileage for flights, travel upgrades or select merchandise. Check out various frequent flyer program options before making your decision. You'll also want to read the terms and conditions posted on your lender's website.
How Much Mileage Can I Earn?
The amount of mileage you can earn in a frequent flyer program varies from lender to lender and airline to airline. Depending on the airline, Home Loan Center awards anywhere from 1,400 to 1,750 miles for every $10,000 that you finance, with no additional cost to the borrower. For example, if you borrow $300,000 through our Delta or United Airlines promotion, Home Loan Center would award you 52,500 miles (1,750 for every $10,000 financed).
Mortgage Refinance: Family Vacation!
You can earn thousands of miles with one of these frequent flyer program options--at no additional cost to you! For consumers who are thinking about refinancing their current mortgage, consider completing a home refinance at competitive mortgage rates and enjoy earning frequent flyer miles at the same time!
Do You Still Have Questions?
Click on a loan topic below to view frequently asked questions.
