Discover Home Loans Offers 5% Cashback on Appraisal Deposits

Wed Jan 16, 2013 8:30am EST

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Discover Home Loans Helps Cardmembers Looking to Buy or Refinance a Home to
Start the New Year Off on the Right Foot
RIVERWOODS, Ill.--(Business Wire)--
Discover Home Loans wants to help Discover cardmembers start the year off right
by helping them receive cashback on appraisal deposits for either a home
purchase or mortgage refinance. 

Discover Home Loans is offering a five percent Cashback Bonus to Discover
cardmembers who pay with their card for their Discover Home Loans appraisal
deposit now through April 16, 2013. The Cashback Bonus reward will be deposited
into the cardmember`s Cashback Bonus account within two billing cycles. 

"Discover Home Loans provides a simple, easy and customer-focused home financing
process, which is why we are pleased to reward Discover cardmembers looking to
purchase or refinance with a 5% Cashback bonus for appraisal deposits," said
Robert Smith, vice president for Discover Home Loans. "At a time when consumers
need a responsible financial partner, we`ve brought Discover`s customer service
expertise to the process of getting a home loan." 

Designed to make the home buying and refinance process clear and simple,
Discover Home Loans also offers customers additional rewards including the
following:

* One dedicated licensed mortgage officer from first call to closing 
* 24/7 website access to check the status of a loan 
* Helpful and easy-to-use online tools and resources 
* Real Estate Rewards -Use a recommended personal real estate coordinator and
earn up to $3,100 in rewards, discounts and more - offered through Cartus
Corporation, not an affiliate of Discover 
* Close on time guarantee - A $1,000 credit towards closing costs is credited to
the account if Discover Home Loans isn`t ready to close a home purchase loan on
time, subject to terms and conditions 
* Welcome back bonus -Returning customers get up to a $2,000 credit towards
lender origination fees, subject to terms and conditions

Discover Home Loans is a source for consumers seeking prime variable- and
fixed-rate conventional and FHA loans. Launched in June 2012, Discover Home
Loans marked Discover`s entry into the mortgage origination business with a
complimentary product to the company`s line of savings, lending and other
direct-banking products. 

For more information about rewards programs for Discover Home Loans, please
visit https://www.discover.com/home-loans/rewards/. 

For more tips and information on refinancing a current mortgage or obtaining a
new loan, please visit www.DiscoverHomeLoans.com or call 1-888-866-1212 

All mortgage loans will be offered by Discover Home Loans, Inc., an Equal
Housing Lender, NMLS ID # 837915. For a complete list of Discover Home Loans'
state lending licenses, see https://www.discover.com/home-loans/statelicenses/. 

About Discover

Discover Financial Services (NYSE: DFS) is a direct banking and payment services
company with one of the most recognized brands in U.S. financial services. Since
its inception in 1986, the company has become one of the largest card issuers in
the United States. The company operates the Discover card, America's cash
rewards pioneer, and offers home loans, private student loans, personal loans,
online savings accounts, certificates of deposit and money market accounts
through its direct banking business. Its payment businesses consist of Discover
Network, with millions of merchant and cash access locations; PULSE, one of the
nation's leading ATM/debit networks; and Diners Club International, a global
payments network with acceptance in more than 185 countries and territories. For
more information, visit www.discoverfinancial.com.

Media Contact:
Robert Weiss
Discover
224-405-6304
robertweiss@discover.com



Copyright Business Wire 2013

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