What Is An Interest Rate Float Down Option?   

Who is the bank?  

How Do I Get Cash Back?  You receive 15% of the commissions earned by the AHS assigned Realtor.   For example if you are selling your home, register with AHS as step 1.   AHS will assign a local Realtor that will sell your home.   If the home sales price is $250,000, the typical real estate commissions earned by your AHS agent (or any agent) would be $7,500.00 or 3%.  You would receive a cash back rebate of 15% of $7,500.00 or $1,125.00. 

When Do I Receive My Cash Back Check From Real Estate Services?  Approximately 30-45 after the close of your purchase or sale.

What Is An Interest Rate Float Down Option?   Once you “lock” your interest rate with any lender you are protected against interest rate increases in the market.     A significant advantage of locking with PrimeLending, the AHS Lender, is that you are not only protected against interest rate increases in the market, but you are also able to take advantage of interest rate improvements in the market at no cost.   No other national lender offers such a program.  

For example, if you are several weeks away from closing on the purchase of a new home and you lock an interest rate of 4.5% and 1 week later, the market rates move to 4.125%, PrimeLending will move you to the lower rate at no charge.   Ask your AHS representative for specific details for your loan.

What Does Georgia Tech Get When I Participate In AHS?  TECH receives a flat payment of $300 per loan closed regardless of the size of the loan or the volume of loans that the Program produces.  TECH also receives 5% of the real estate commissions earned from every purchase or sale.    Alumni can also donate all or a portion of their 15% to the Alumni Association.

How Can AHS Help My Local Network Raise Money For Scholarships?  When Alumni or the Alumni’s friends, family or co-workers register for the AHS Program, they should mention the name of the local club or network that referred them to the Program.   Georgia Tech Alumni Association will donate $100 of the $300 paid from the Lender back to the Local Network or Club.   Additionally, participants will be given the opportunity to donate all or a portion of their 15% “Cash Back” from real estate services to either GTAA or their local club or network. 

For example:   A participant purchases a $300,000.00 home using the GTAA AHS Program and indicates that they want to give back 50% of the cash rebate to the local club.   The Lender will pay GTAA $300.00.   3% real estate commissions are $9,000.    15% is $1,350.   5% is $450.  
The dollars distributed between GTAA, the local Network and the participating Alumni would be as follows:

Ex 1:  Alumni purchases $300,000 home and donates 50% of Cash Back from real estate commissions earned	GTAA	Local Network	Participating Alumni
Closed Loan (purchase and refinance)	$200	$100
Real estate Cash Back (purchase and sale)	$450	$675	$675
Total	$650	$775	$675

Ex 2:  Alumni purchases $300,000 home and donates 100% of Cash Back from real estate commissions earned	GTAA	Local Network	Participating Alumni
Closed Loan (purchase and refinance)	$200	$100
Real estate Cash Back (purchase and sale)	$450	$1,350	$0
Total	$650	$1,450	$0

Example 3:  A local Network consists of 1,000 Alumni households with a combined sphere of influence that includes 5,000 other households.   Statistically speaking, at least 68% of the 6,000 combined households or 4,080 are currently homeowners.   Again statistically speaking of the 4,080, 12%-17% utilize either real estate or mortgage services or both each year.   If that number were further minimized to 10% the population of households requiring services each year is 408.    If the local Network were to penetrate only 10% of that number it would be 40.8 transactions per year.   If 40.8 transactions reflected Example 1 above, the local Network would earn $31,620 per year for scholarships for local deserving students.

Who is the bank?   PrimeLending is ranked 13th in the nation for retail mortgage loans in all 50 states.   Very competitive rates with highly seasoned professionals that provide personal service.

Who Are The Real Estate Agents?  AHS provides a national network comprised of only the most highly trained and experienced agents from your local community.   You must contact AHS first, to be assigned to a local Realtor.

Can I Use My Own Real Estate Agent?  To receive “Cash Back” from the real estate commissions earned, AHS must assign your local Realtor.   If you have signed a contract with a local realtor, then you must wait for the contract term to expire to participate in the AHS Program.   If you have not signed a contract with a Realtor, register with AHS today.  

Can I Use My Own Lender?   To participate in the Real Estate cash back services, you must be pre-approved through the AHS Lender. 

Can I Use The Program Only To Refinance?   Yes.  

Can I Use The Program To Sell My Current Home And Buy My New Home?  Yes.   You can use the program as much as you like and receive cash back on every real estate transaction in which you are represented by an AHS assigned Realtor.  

Can I Use The Program To Buy A Second Home?  Yes.   Second homes, investment homes, first homes, any home.

Can I Write Off the $300 given to TECH for my closed loan?  No.   The $300 is paid to TECH Alumni Association from the Lender and is not considered a donation from the Alumni.