Aegean Financial

2010 Employee Home Loan Benefit Program

Realizing that employees are the key to continued success, we offer a program that provides special benefits when you finance your home mortgages.

Introduction

The Employee Home Loan Benefit Program is being offered to you as a part of your benefits package not only to create additional value for your benefits program but, to save you and your family money. As a participant in our program, you are entitled to discounted loans at nationally competitive interest rates, saving yourself hundreds, possibly thousands of dollars more than you would by traditional financing channels. Helping employees achieve their dreams is what this program is all about. And if that's not enough this program is offered at no cost to the employee!

Note: The benefits of the Employee Home Loan Benefit program are offered exclusively to you and your family through Aegean Financial, Inc.

Aegean Financial offers:

Reduction in loan fees
Free credit preapprovals
Free Mortgage Education
Other costs that may be discounted, such as escrow fees, appraisals, home inspections, etc.
Depending on location and household characteristics, additional programs of down payment assistance and interest rate reductions.

Eligibility

Employees are eligible to participate in the benefits program if they are active, regular, full-time/part-time employees.
Eligible employees may also enroll

Their spouse
Their domestic partner
Their children over 18

How Your Benefits Work

Cash Savings - Refinance

Cash Savings - Purchase

Purchasing a home is an expensive endeavor. Besides the down payment, there are also numerous closing costs a buyer is responsible for such as escrow fees, title insurance, lender fees, appraisal fee, prepaid interest, property taxes, etc. These additional costs can add up to thousands of dollars and sometimes keep a person from realizing their dream of homeownership. That's where the Employee Home Loan benefit Program can make a dramatic financial difference. When employees use the program to purchase a new home they will receive significant cash credits in escrow that can offset many of their closings costs.

The employee's program Affiliate Real Estate Agent will contribute 25% of the commission they receive to the employee as a credit towards closing costs. In addition, Aegean Financial, Inc. will contribute 1% of the loan amount as an additional credit in escrow when the mortgage loan funds through them

These credits can amount to several thousand dollars! For example, on a sample purchase transaction where the home prices is $200,000 and the employee puts a 5% down payment, the credits to the employee could save them as much as $2650!²

These credits are on top of any price reductions or concessions the real estate agent may be able to negotiate!

Homebuyer Education

Aegean Financial offers educational seminars and counseling appointments that help reduce the stress of buying or refinancing a home. Visiting with one of our loan consultants is a great place to start if you're considering buying a home, consolidating debt, or lowering your monthly mortgage payments on your current home.

Human Resource studies have shown that a comprehensive benefits package not only creates a great corporate atmosphere leading to happier, more productive employees but it can also lead to increased employee retention.

For more information on employee home loan discounts feel free to contact and Aegean Financial representative at 214-453-4171, toll free 888-800-7960 ext 201, or email txbenefits@aegeanfinancial.com.

¹One point (1.00%) reduction for loan amounts greater or equal to $100,000. One-half point (0.5%) reduction for loan amounts less than $100,000. Appraisal fees to be credited back to borrower at closing.

²Example assumes 3% commission to the selling agent's office and a $190,000 loan amount. Credits paid at one=half point origination on loan amounts less than $100,000.