Is not that complicated and it isn’t Rocket Science! It’s just savings! With the government subsidies gone, and sellers getting tighter on their pricing, where do you go for a little help in closing assistance? My1stHomeRebate & MyRentRebate.com, that’s where. We are here to help the first time home buyer with savings they would normally wouldn’t get from other sources.
What Is My 1st Home Rebate & My Rent Rebate?
My 1st Home Rebate & My Rent Rebate (MRR) is just that…a rebate. If you are currently renting a home or an apartment and need additional savings for your next home purchase, then we have a deal for you. For every month you rent, MyRentRebate.com will reimburse you a rebate on your rent which could add up to several thousand dollars. The size of the rebate is determined by the purchase price of your home. The rebate is then paid at closing and can only be earned on a purchase of a home where the seller is paying a commission.
How does it work?
You must first register here. Once that is done, you will meet with our participating lender to determine your buying power. After that, you will then sign an Exclusive Buyer Representative agreement with the Weymouth Group of Keller Williams Select Realtors. IMPORTANT – The Weymouth Group is not a discount real estate broker where you get limited service. We are the real deal. Ranked in the top 1% in Maryland. Why? Because our clients LOVE us.
The Weymouth Group will then help you find a place to live. You will be set up on an auto-search for homes based on your criteria. Your home purchase must be in Maryland for you to qualify for the rebate. Additionally, you must purchase the home using the Weymouth Group as your Realtor, plus use 1st Mariner Mortgage or other participating lender and a participating title company.
What if I am already have a signed Buyer Agreement with another agent or approved with another lender?
Then we encourage you to work with your current agent. MRR is not available with another agent outside of the Weymouth Group and we do not intend to solicit clients away from other agents. If you are working with another lender, ask that lender if they will participate in our program. If they do not want to participate, then your rebate will be smaller. The same will apply with non-participating title companies.
How is the rebate paid?
The rebate is paid in a form of a credit on the HUD 1 or closing worksheet. There could be restrictions on the rebate imposed by the lender or state where you live. Make sure you talk to your Realtor and lender about the specific rebate restrictions if there are any.
What if I move outside of Maryland?
If you do move outside of Maryland, allow us to help you find an agent that will participate in My1stHomeReabte.com. However; if you do move and don’t purchase, your rebate can be gifted to a friend, family member or colleague.
How is the amount of the rebate determined?
The seller of the home must pay a commission to the Buyer’s Broker with a minimum percentage. There is a minimum commission that is collected by The Weymouth Group. The higher the commission paid, the higher the rebate. Call us and we will explain everything in full detail and disclosure. We promise you will not be disappointed.