You can use it for new mortgages and for transfers of existing mortgages. Their Web site includes a calculator program that will show you the number of miles you can earn in the initial term and over the entire amortization period. This program covers all 50 states. There is no limit to the amount of miles you can receive and you get them within eight weeks of closing. You can also receive 2,500 miles for closing on an equity line of credit.
Some states offer miles for sales only.
United Airlines United's Residential Rewards program partners with PMP Relocation Services, Countrywide Home Loans and North American Mortgage Company. You receive these miles with eight weeks of closing and there is no limit to the number of miles you can earn. Tom Parsons is editor of Best Fares Magazine. Some programs will let you bank mileage points when you make mortgage payments. The Web Copyright 2000 ABC News Internet Ventures.