CASH BACK REWARDS
Mortgage Alliance recently entered into an agreement with All-Purpose Realty to offer cashback rewards both on your mortgage financing and home purchase and sale. The mortgage offer is not available in Quebec. All-Purpose Realty is a licensed real estate brokerage operating as a real estate referral service utilizing agents for a national network of realtors from well-known brands. All-Purpose Realty would be the first point of contact for Affinity Group Members to qualify for rewards on both completed real estate transactions and funded mortgages.
Details of the Cashback Reward Offer
- The Mortgage Alliance cashback offer is a Mortgage Alliance corporate office program offered only through All-Purpose Realty and not available when Affinity Group Members go directly to Mortgage Alliance brokers or broker offices. After registering through All-Purpose Realty and once your mortgage application is received through the Mortgage Alliance online application provided to you, your application will be forwarded to a Mortgage Alliance broker, who will then be your primary contact for your financing needs. All-Purpose Realty will not be involved in your mortgage financing, however the mortgage cashback offer is managed and fulfilled by All-Purpose Realty on behalf of Mortgage Alliance. The cashback reward on your funded mortgage through this program will be based at $7 for each $10,000 increment in the mortgage value. For example, on a $700,000 funded mortgage, the reward would be $490. Rewards will be sent to Affinity Group Members by All-Purpose Realty 30-45 days after the mortgage is funded and Mortgage Alliance has been paid by the lender. Some conditions may apply.
- The All-Purpose Realty cashback reward is based on using a real estate agent that was referred and introduced by All-Purpose Realty from a well-known real estate firm in the area you are buying and/or selling. The reward is valued at $25 per each $10,000 increment of a completed real estate transaction. For example, on a $900,000 real estate transaction, the reward would be $2250. The real estate reward would be forwarded to you by all-Purpose Realty with 30-45 days of your possession date for the subject property.
The cashback rewards can add up with no cap on the rewards:
- Sell a home for $1,000,000 receive $2,500
- Buy a home for $1,250,00 receive $3,125
- Fund a mortgage for $700,000 receive $490
Total Rewards: $6,115
The mortgage cashback reward offer is valid for mortgage applications received by June 30, 2023, that are successfully funded. Some restrictions may apply.
Note that while the mortgage and real estate offers are free standing offers and Affinity Group Members can choose to use one or both of the services to maximize cashback rewards, All-Purpose Realty remains your first point of contact for both cashback offers.