How
can I sign up for America’s Premiere Mortgage Rent Away™ Program? |
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| What benefits does America’s Premiere Mortgage Rent Away™ Program offer? |
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What does it cost to enroll? |
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How do I earn Credits? |
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How can I use my Credits? |
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What is the maximum amount of Credits I can redeem? |
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Will my Credits expire? |
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Can I earn Credits
for rent paid before I enroll in America's Premiere
Mortgage Rent Away™ Program? |
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What if I have roommates? |
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What mortgage lender
and real estate service providers are available through
Rent Away™ Program? |
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May I use my own lender? |
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May I use my own real estate agent? |
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What kind of home
can I buy through America's Premiere
Mortgage Rent Away™ Program? |
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What if I enroll
in America's Premiere Mortgage
Rent Away™ Program but decide
I am not ready to buy a home? |
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What if I want to buy a home before my lease expires? |
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Does my Apt/Condo Complex and/or Landlord have
to be associated with America's Premiere
Mortgage Rent
Away™ ? |
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What if I move
to a different Apt/Condo Complex and/or have a different Landlord after I enroll in
America’s
Premiere Mortgage Rent Away™ Program? |
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What if the amount of my rent changes? |
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Is the company I rent from responsible for my Credits? |
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What happens if I am behind in my rent or I do not leave in good standing with the company I rent from? |
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How does the Builder Bonus Program work? |
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Does my Apt/Condo Complex and/or Landlord have to be on the approved list to receive the benefits from the Builder Bonus Program? |
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What happens after
I enroll in America’s Premiere Mortgage Rent Away™ Program? |
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What should I do
if I have additional questions regarding America’s Premiere Mortgage Rent Away™ Program? |
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Q: How can I sign up for America’s
Premiere Mortgage Rent Away™ Program?
A:
Simply enroll today by clicking here. The enrollment
process takes only a few minutes. Once you are enrolled,
you will be on your way towards home ownership. Note: Your Apt/Condo Complex and/or Landlord must be an approved associate of the Rent Away™ program. Click here for a list of approved Apt/Condo Complexes and/or Landlords.
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Q: What benefits does America’s
Premiere Mortgage Rent Away™ Program offer?
A:
You can earn Credits that may be redeemed toward mortgage
loan closing costs when you finance a home purchased through
the Program. In addition, America’s Premiere Mortgage
Rent Away™ will provide you a helping hand towards home
ownership through education and assistance from professionals
in the real estate and mortgage lending industry.
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Q: What does it cost to enroll?
A:
It’s free! Join today and we will credit your account
with $500 to get you started. back
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Q: How do I earn Credits?
A:
You earn credits for the rent you are already paying. The Credit
is 10% of the rent payment you make under your lease.
Example: Assume you pay $1,000/month in rent; you would earn
a $100 Credit each month during the term of your lease. back
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Q: How can I use my Credits?
A: You can redeem your Credits toward
mortgage loan closing costs when you finance a home purchased
through the Program and finance with America’s Premiere
Mortgage, Inc.™ back to
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Q: What is the maximum amount of Credits I can redeem?
A:
You can redeem Credits equal to 1% of your mortgage loan,
up to $4,000. Example: If your mortgage loan is $150,000,
you can redeem $1,500 in Credits toward closing costs associated
with your mortgage loan. back
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Q: Will my Credits expire?
A:
As long as you are eligible to participate in America’s
Premiere Mortgage Rent Away™ Program, your Credits will
not expire. Your Credits expire when you redeem all or part
of your Credits to finance the purchase of your home. back
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Q: Can
I earn Credits for rent paid before I enroll in America’s Premiere
Mortgage Rent Away™ Program?
A:
You will begin earning Credits as soon as you enroll in America’s
Premiere Mortgage Rent Away™ Program. Rent
paid prior to enrolling is not eligible for Credit. back
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Q: What if I have roommates?
A:
Roommates can earn Credits too! All your roommate(s) have
to do is enroll in America’s Premiere Mortgage Rent
Away™ Program. Once enrolled, each roommate will begin to
earn Credits for the total amount of the combined rent paid.
Each person must enroll separately. Credits cannot be combined
at the time they are redeemed. back
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Q: What mortgage lender
and real estate service providers are available through
America’s Premiere
Mortgage, Inc.™ ?
A:
America’s Premiere Mortgage, Inc.™ will provide mortgage
loans to those who qualify under their underwriting, lending
and credit standards. Participating Rent Away™ Real
Estate Professional Associates will provide you with professional
real estate services. back
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Q: May I use my own lender?
A:
To redeem your Credits, you must use America’s Premiere
Mortgage, Inc.™ If you choose to use another lender you will
not be able to redeem your Credits. back
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Q: May I use my own real estate agent?
A:
To redeem your Credits, you must use a Rent Away™ Real
Estate Professionals Associate. When you are ready to buy,
we will match you up with a participating Rent Away™ Associate
according to your unique home buying needs. If you enter
into any agreement for a real estate transaction that obligates
you to a real estate broker or real estate agent, other than
a participating Rent Away™ Real Estate Professionals Associate,
you will not be able to redeem your Credits. back
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Q: What kind of home can I buy through America’s
Premiere Mortgage Rent Away™ Program?
A: Any home, anywhere in Michigan! The choice is yours when
you enroll in America’s Premiere Mortgage Rent Away™ Program,
use the Rent Away™ Real Estate Professionals
Associate selected for you, and finance the purchase of your
home through America’s
Premiere Mortgage, Inc.™ back
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Q: What if I enroll In America’s
Premiere Mortgage Rent Away™ Program but decide I am not
ready to buy a home?
A: Take as much time as you like. Enrolling in America’s
Premiere Mortgage Rent Away™ Program
starts you on the path towards homeownership. When you are
ready to buy, America’s
Premiere Mortgage, Inc. will lend you a helping hand with educational
tools about the home buying process and real estate professionals
to help you find the perfect home for you. back
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Q: What if I want to buy a home before my lease
expires?
A: Your lease is an agreement between you and your landlord.
If you fail to comply with the terms of your lease or terminate
your lease early, you may be liable for the balance of rent
owed and other expenses. back
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Q: Does my Apt/Condo Complex and/or Landlord have to be associated
with America’s
Premiere Mortgage Rent Away™ Program?
A: Any renter, anywhere in Michigan, can enroll, if your Apt/Condo Complex and/or Landlord is associated with America’s Premiere Mortgage
Rent Away™ Program. Have your Apt/Condo Complex and/or Landlord
contact us to enroll, or email us your name, Apt/Condo Complex and/or Landlord's
phone number, and we will contact them. back
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Q: What if I move
to a different Apt/Condo Complex and/or have a different Landlord after I enroll in
America’s
Premiere Mortgage Rent Away™ Program?
A: If you move
to a different rental property all you need to do is update
your rent profile. As long as you keep your rent profile current
and remain eligible under America’s Premiere Mortgage
Rent Away™ Program,
you will continue to accumulate Credits as long as they are an approved apt/condo complex and/or landlord of the Rent Away™ program. back
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Q: What if the amount of my rent changes?
A: Please E-mail to update your current rent information. back
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Q: Is the company I rent from responsible for my Credits?
A: No only America’s Premiere Mortgage, Inc.™ and the participating Real Estate Agent are responsible for your Credits. back
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Q: What happens if I am behind in my rent or I do not leave in good standing with the company I rent from?
A: You will not receive the Credits toward closing costs until all past due rent is paid and current and you leave the company in good standing. back
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Q: How does the Builder Bonus Program work?
A: The Builder Bonus Program is very simple to participate in. If you purchase a new home from one of our Rent Away™ builders and utilize America's Premiere Mortgage™ for your mortgage loan plus one of our approved associate Real Estate Agents the builder will match your credits toward closing cost. Example: You purchase a $200,000 home and accumulate $2,000 in credits to apply toward closing cost. The builder will take $2,000 off the purchase price of the home. So instead of paying $200,000 for the home you will pay $198,000! back
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Q: Does my Apt/Condo Complex and/or Landlord have to be on the approved list to receive the benefits from the Builder Bonus Program?
A: No, just so you purchase the new home from the Rent Away™ Builder and utilize America's Premiere Mortgage™ for your mortgage loan plus one of our approved associate Real Estate Agents then your complex or landlord would not need to join as an approved associate. But, if you decide not to purchase a new home from the Rent Away™ builders then you cannot utilize the credits to purchase another home. So it is always best to have your complex or landlord join the Rent Away™ program. back
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Q: What happens after I enroll in America’s
Premiere Mortgage Rent Away™ Program?
A: First: As soon as you enroll you
will begin to earn credits for rent paid. Second: A representative
of America’s Premiere Mortgage Inc.™ will contact you
to begin the pre-qualification process. Pre-qualification will
determine your credit standing and your borrowing limits. The
earlier you start this process the more time you have to repair
any credit issues, understand how much home you can buy, and
become educated about the home buying process. Third: when
you are ready to buy a home, the next step is pre-approval
for a mortgage loan. America’s Premiere Mortgage Inc.™
will assist you throughout the pre-approval process. If you
qualify for a mortgage loan under our partner’s lending,
underwriting and credit standards, you will be pre-approved
for a mortgage loan in a designated amount. Fourth: If you
are not currently working with a Rent Away™ Real Estate Professionals
Associate and have been pre-approved for a mortgage loan by
America Premiere Mortgage,™ click here to have a Rent
Away™ Real Estate Professionals Associate contact you to begin
looking for your perfect home. back
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Q: What should I do if I have additional questions
regarding the America’s
Premiere Mortgage Rent Away™ Program?
A: If you cannot find your answer in
this website please contact us. back
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INDIVIDUALS ENROLLED IN
AND PARTICIPATING IN THE AMERICA’S
PREMIERE MORTAGE RENT AWAY™ PROGRAM ARE GOVERNED BY THE
AMERICA’S
PREMIERE MORTGAGE RENT AWAY™ PROGRAM USER AGREEMENT. IF
THERE IS ANY CONFLICT BETWEEN INFORMATION OF STATEMENTS
CONTAINED IN THESE FAQS AND THE AMERICA’S
PREMIERE MORTGAGE RENT AWAY™ PROGRAM USER AGREEMENT, THE
TERMS AND CONDITIONS OF THE AMERICA’S
PREMIERE MORTGAGE RENT AWAY™ PROGRAM USER AGREEMENT SHALL
CONTROL. THE AMERICA’S
PREMIERE MORTGAGE RENT AWAY™ PROGRAM IS VOID WHERE PROHIBITED
BY LAW. |