Mortgage Borrowers Through 4 Lenders Offered Starwood Points

Register now

Members of the Starwood Preferred Guest program can earn thousands of Starpoints through a new arrangement with Awards for Mortgage and Real Estate, a company that provides rewards for customers who buy, sell, finance or refinance a home, or purchase van line moving services. Members of the hotel loyalty program earn the points when they get a mortgage or home equity loan, or use other home buying services affiliated with Awards for Mortgage and Real estate. Among the Starwood hotel brands are St. Regis, The Luxury Collection, Westin, Sheraton, W Hotels and Four Points by Sheraton.

The program works this way: members can choose from four lenders, including Chase Home Finance (the mortgage division of JPMorgan Chase & Co.), CitiMortgage (a member of Citigroup), and Wachovia Mortgage Corp.'s Corporate Mortgage Services Division. Once they choose a lender, Starwood Preferred Guest members are offered a streamlined loan process, competitive rates and a variety of home loan products, including zero down payment options and access to local real estate agents and van line companies.

For example, a member would 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, or 750 Starpoints for each $1,000 paid on van line moving services

As an extra incentive, Starwood Preferred Guest members have the opportunity to earn an additional 2,600 bonus Starpoints when they combine multiple services. To begin earning Starpoints, all home loan applications or requests for other services must be submitted either online at www.awardsformortgageandrealestate.com/starwood or by phone at 800-929-6001.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER