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DENVER–Waterton Associates, a privately owned property management company that operates 13,000 apartment units in the US, is the latest company to sign a deal with Denver-based RE/MAX Heading Home. The heading program assists renters in accumulating credits that can be applied to the cost of a home purchase.

Waterson, based in Chicago, has properties in eight states, includingPark One Hundred in Denver and the Winridge Apartments in Aurora, CO.”One of the many values this relationship brings to us is that the programis ready to go and allows us to be competitive in the marketplace withoutall the headaches and resources drain of developing and staffing our ownproduct,” says Frank Romano, director of operations for Waterton. He saysone of the advantages of having a relationship with the Denver-basedresidential real estate franchise company is that “everyone here is familiarwith and trusts RE/MAX.”

RE/MAX Heading Home is a membership program, which allows renters to earn credits based on current monthly rental payments. Mortgage lendersparticipating in the program will assist prospective homeowners withmortgage qualifications and ultimately apply earned credits at loan closing.A percentage of monthly rent is accrued as a credit against closing costs upto a maximum of 1%, not to exceed $4,000 total, of the mortgage loan. Whena renter member is ready to find a home, a matched RE/MAX real estate agentwill be assigned to assist in the search.

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