Frequently Asked Questions
What is RH Reward?
Responsible Homeowner Reward (RH Reward) is a patent pending incentive rewards program which was launched in January 2010. Under the program, a pre-determined amount of money will be awarded to homeowners who consistently make their future full and timely mortgage payments. Program terms vary. If you are currently enrolled in the Program, please refer to your specific Terms and Conditions for details.
How do I get an RH Reward?
RH Reward is by invitation only. Homeowners are selected by their mortgage company, mortgage insurer, or the investors who own their mortgage. If you are selected, you will be notified by mail, email, and/or phone.
Who pays the Reward?
RH Reward is sponsored by the mortgage company, mortgage insurer, or the investors who own the mortgage.
Does RH Reward cost anything?
No. There is no charge to the homeowner.
Does RH Reward have to be repaid?
No. RH Reward is not a loan and does not have to be paid back.
Is RH Reward a loan modification?
No. All aspects of your mortgage remain the same.
When is the Reward paid out?
Program terms vary. Typically, homeowners receive the Reward payment when they either sell their home, refinance, or pay off their mortgage in full. In addition, homeowners are required to stay current once they have enrolled. If you are currently enrolled in the Program, please refer to your specific Terms and Conditions for details.