Real estate borrowers get incentives for hotels

Starwood Preferred Guest has teamed up with Awards for Mortgage and Real Estate to offer members incentives for hotel services when they use certain home loan and real estate products and services.

Awards for Mortgage and Real Estate provides rewards for customers who buy, sell, finance or refinance a home, or purchase van line moving services. Starwood Preferred Guest is one of the hotel industry's top loyalty programs, and includes such hotel brands as St. Regis, The Luxury Collection, Westin, Sheraton, W Hotels and Four Points by Sheraton.

Through the new program, Starwood members can earn thousands of Starpoints when they utilize real estate services.

Starwood Preferred Guest members can choose from four mortgage lenders, including Chase Home Finance, CitiMortgage, a member of Citigroup, and Wachovia Mortgage Corporation's Corporate Mortgage Services Division. The more services used or money a member borrows, the more Starpoints a member earns. For example, members can earn 1,250 Starpoints for each $10,000 financed or refinanced on a home; 1,250 Starpoints for each $10,000 of a home equity loan amount at closing; 2,750 Starpoints for each $10,000 of a home purchase and/or sale price; and 750 Starpoints for each $1,000 paid on van line moving services.

Members also can earn an additional 2,600 bonus Starpoints when they combine multiple services.

Only home loan applications or requests for other services submitted online or by phone at 800-929-6001 will be eligible for the program.

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