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expired Posted by Greenworld123 • Dec 8, 2019
expired Posted by Greenworld123 • Dec 8, 2019

Amex offer: $2,500 statement credit for home refinance Better.com

American Express Giftcards
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Must have an amex to add offer to your account. Details:

Unlock even more as an
American Express® Card Member with an exclusive mortgage offer from Better.com
Better.com is making the homebuying and refinance experiences more rewarding, with a $2,500 statement credit and more, exclusively for eligible Card Members. See offer terms below.

https://www.americanexpress.com/u...-OfferHub2

EDIT information from Better.com!!!!!!!!!!!!!!!!!!!!!!!!!
Hello,
I work with Better,com and wanted to see if you could please add in the following information to your post on Amex/Better,com deal as it reads incorrect as it stands, especially regarding eligibility. We want to make sure the offer is stated as accurately as possible:
1) Mortgage rates of any specific customer, stated or otherwise, should not be taken as indicative of a mortgage rate available to all customers. Pricing is based on a number of factors, including the individual credit profile of a potential borrower.
2) The offer is only available to those borrowers who have been marketed to directly by American Express, and those who have not received the offer on their Amex portal or via email are not eligible.
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About the Poster
Deal Details
Community Notes
About the Poster
Must have an amex to add offer to your account. Details:

Unlock even more as an
American Express® Card Member with an exclusive mortgage offer from Better.com
Better.com is making the homebuying and refinance experiences more rewarding, with a $2,500 statement credit and more, exclusively for eligible Card Members. See offer terms below.

https://www.americanexpress.com/u...-OfferHub2

EDIT information from Better.com!!!!!!!!!!!!!!!!!!!!!!!!!
Hello,
I work with Better,com and wanted to see if you could please add in the following information to your post on Amex/Better,com deal as it reads incorrect as it stands, especially regarding eligibility. We want to make sure the offer is stated as accurately as possible:
1) Mortgage rates of any specific customer, stated or otherwise, should not be taken as indicative of a mortgage rate available to all customers. Pricing is based on a number of factors, including the individual credit profile of a potential borrower.
2) The offer is only available to those borrowers who have been marketed to directly by American Express, and those who have not received the offer on their Amex portal or via email are not eligible.

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9,848 Comments

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Dec 8, 2019
186 Posts
Joined May 2011
Dec 8, 2019
tamuk
Dec 8, 2019
186 Posts
What credit score is required to qualify for 2.875% rate. I just checked their current rates and lowest I am seeing for the excellent score is 3.5%. Am I missing something?
1
Original Poster
Pro
Dec 8, 2019
2,404 Posts
Joined May 2014
Dec 8, 2019
Greenworld123
Dec 8, 2019
Original Poster
Pro
2,404 Posts
Quote from tamuk :
What credit score is required to qualify for 2.875% rate. I just checked their current rates and lowest I am seeing for the excellent score is 3.5%. Am I missing something?
I locked in my rate on November 5th, so rates may have changed for market conditions since then.

I applied with my wife, we both have credit scores above 750. They pulled all 3 scores.

Also, of that $2517 in closing costs. A big portion was buying down the rate:
0.757% of Loan Amount (Points) -- $1,653
Last edited by Greenworld123 December 8, 2019 at 06:56 AM.
Dec 8, 2019
17 Posts
Joined Mar 2016
Dec 8, 2019
laxmanreddy
Dec 8, 2019
17 Posts
👍 thanks
Last edited by laxmanreddy December 8, 2019 at 07:03 AM.
Dec 8, 2019
186 Posts
Joined May 2011
Dec 8, 2019
tamuk
Dec 8, 2019
186 Posts
Thanks. Looks like they will do a soft credit check ( no good) for just to enroll for the promotion. I am in the middle of closing a refinance with WF and looking at all the factors I don't see a benefit for me to consider Better.
1
Dec 8, 2019
691 Posts
Joined Feb 2011
Dec 8, 2019
James7Bond007
Dec 8, 2019
691 Posts
Alas, better.com does not operate in Virginia (yet).
Original Poster
Pro
Dec 8, 2019
2,404 Posts
Joined May 2014
Dec 8, 2019
Greenworld123
Dec 8, 2019
Original Poster
Pro
2,404 Posts
Quote from tamuk :
Thanks. Looks like they will do a soft credit check ( no good) for just to enroll for the promotion. I am in the middle of closing a refinance with WF and looking at all the factors I don't see a benefit for me to consider Better.
$2,500 from amex is not a benefit?
Dec 8, 2019
730 Posts
Joined Jan 2005
Dec 8, 2019
dealfreak
Dec 8, 2019
730 Posts
Thanks OP
Did this offer show up in your Amex card's Amex Offers & Benefits section?
Also I don't seem to find rate lower than 3% I am in 800+ on my scores

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Original Poster
Pro
Dec 8, 2019
2,404 Posts
Joined May 2014
Dec 8, 2019
Greenworld123
Dec 8, 2019
Original Poster
Pro
2,404 Posts
Quote from dealfreak :
Thanks OP
Did this offer show up in your Amex card's Amex Offers & Benefits section?
Also I don't seem to find rate lower than 3% I am in 800+ on my scores
Yes, it did.
Pro
Dec 8, 2019
8,788 Posts
Joined Jul 2006
Dec 8, 2019
Nattefrost
Pro
Dec 8, 2019
8,788 Posts
No go in NY
Dec 8, 2019
4,708 Posts
Joined Sep 2008
Dec 8, 2019
karazi
Dec 8, 2019
4,708 Posts
You are better off waiting for rates to come back down than taking this credit. Although I see it only starts in July, interesting. By then it may be a good play.
Original Poster
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Dec 8, 2019
2,404 Posts
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Dec 8, 2019
Greenworld123
Dec 8, 2019
Original Poster
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Quote from karazi :
You are better off waiting for rates to come back down than taking this credit. Although I see it only starts in July, interesting. By then it may be a good play.
The deal is active now, apply by July, close end by Oct 28th.
Last edited by Greenworld123 December 8, 2019 at 07:46 AM.
Dec 8, 2019
810 Posts
Joined Apr 2012
Dec 8, 2019
ChuckMiles
Dec 8, 2019
810 Posts
Is this statement credit a taxable or 1099?
Last edited by ChuckMiles December 8, 2019 at 07:50 AM.
Dec 8, 2019
324 Posts
Joined Nov 2013
Dec 8, 2019
camsam
Dec 8, 2019
324 Posts
Can I use the link OP provided to start the process to get the credit?
I do not see this offer in any of my AMEX cards
Original Poster
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Dec 8, 2019
2,404 Posts
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Dec 8, 2019
Greenworld123
Dec 8, 2019
Original Poster
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Quote from ChuckMiles :
Is this statement credit a taxable or 1099?
Statement credit; therefore, would not receive a 1099. I will ask for a refund check once it hits from Amex since I keep a zero balance.
1

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Original Poster
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Dec 8, 2019
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Dec 8, 2019
Greenworld123
Dec 8, 2019
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Quote from camsam :
Can I use the link OP provided to start the process to get the credit?
I do not see this offer in any of my AMEX cards
I would call and not jeopardize your $2,500.

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