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Greenworld123 1.4M Views
Dec 8, 2019 2:27 PM

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

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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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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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Dec 10, 2019 5:18 PM
640 Comments
Joined Jan 2009
brat7705Dec 10, 2019 5:18 PM
640 Comments
Quote from Greenworld123 View quoted comment :
You are probably fine then because I never had that section you pictured... The benefit was just always applied to the loan fee disclosure (no appraisal).
Hopefully, it comes through. If I go to through the link my address does not show-up anymore, likely because I used it up. Tried to see if my neighbor's address shows, it does not! They likely do not have amex!?
Great deal nonetheless... Thanks OP! Repped!!
Dec 10, 2019 6:49 PM
643 Comments
Joined Feb 2007
techoinDec 10, 2019 6:49 PM
643 Comments
seems great deal if you get good rates..apart for statement credit it waives the appraisal too which is another $450-$550 savings depending on the lender
Dec 10, 2019 7:01 PM
2.1K Comments
Joined Aug 2009
polvoprismboyDec 10, 2019 7:01 PM
2.1K Comments
A lot of mortgage lingo goes over my head, so what does this AMEX credit actually save us? The fees according to the Better.com rate area say they're for title insurance, settlement fee, recording fee, etc.

So will there be other fees I'm missing if I refi?

Also, right now we have our insurance rolled in with our mortgage, so I'm assuming the rates don't cover that, or do they?
Original Poster
Dec 10, 2019 8:28 PM
2.7K Comments
Joined May 2014
Greenworld123
Original Poster
Dec 10, 2019 8:28 PM
2.7K Comments
Quote from polvoprismboy View quoted comment :
A lot of mortgage lingo goes over my head, so what does this AMEX credit actually save us? The fees according to the Better.com rate area say they're for title insurance, settlement fee, recording fee, etc.

So will there be other fees I'm missing if I refi?

Also, right now we have our insurance rolled in with our mortgage, so I'm assuming the rates don't cover that, or do they?
The AMEX benefit is two parts.
1. No appraisal fee (most lenders charge about $500) for this. So you won't see this on your fee disclosure, like you would for other lenders.
2. A statement credit on your credit card statement for $2,500 after your loan closes.

No, those should be your fees. Keep in mind you might have to bring more cash to closing for prepaid interest, and to reestablish any escrows you have. Your current lender would return your escrow once the loan is paid off.

There should be no other fees unless you buy down your rate.

You will need to tell Better if you want your taxes or home owners insurance escrowed. It is your choice.
Last edited by Greenworld123 December 10, 2019 at 12:48 PM.
Dec 10, 2019 11:56 PM
1.1K Comments
Joined Nov 2012

This comment has been rated as unhelpful by Slickdeals users.

Original Poster
Dec 11, 2019 3:13 AM
2.7K Comments
Joined May 2014
Greenworld123
Original Poster
Dec 11, 2019 3:13 AM
2.7K Comments
Quote from Action101 View quoted comment :
Nothing good comes from credit cards. - Dave Ramsey
LMAO That must be the most untrue statement ever...

My wife and I being credit card churners we have traveled the world in luxury thanks to credit cards without paying a dime to them in interest. Never hold a balance, and if need to will manufacture spend.

Play the game, instead of the game playing you.
Dec 11, 2019 3:31 AM
3.6K Comments
Joined Dec 2006
Blitz28179Dec 11, 2019 3:31 AM
3.6K Comments
Quote from Greenworld123 View quoted comment :
LMAO That must be the most untrue statement ever...

My wife and I being credit card churners we have traveled the world in luxury thanks to credit cards without paying a dime to them in interest. Never hold a balance, and if need to will manufacture spend.

Play the game, instead of the game playing you.

Totally agree, Maybe he should edit his post to this
"Nothing good comes from credit cards if you are dumb"

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Dec 11, 2019 3:55 AM
1.5K Comments
Joined Jan 2005
buy4freeDec 11, 2019 3:55 AM
1.5K Comments
Lot of good info in this thread.....could someone please name few banks or Credit unions thar are currently offering zero (or close to zero) closing cost fore refinance? Thanks!
Dec 11, 2019 4:30 AM
207 Comments
Joined Nov 2009
DeadCode2kDec 11, 2019 4:30 AM
207 Comments
Owning.com offers a 0 cost refinance.
Dec 11, 2019 5:56 AM
12 Comments
Joined Nov 2016
Jliao426Dec 11, 2019 5:56 AM
12 Comments
Quote from coolmann View quoted comment :
Interesting, I called Amex too and I was told that it has to be listed among your offers to be eligible. I'll call them again today.
Did you get any updated info from AMEX today?
Last edited by Jliao426 December 10, 2019 at 09:58 PM.
Dec 11, 2019 7:45 AM
1.1K Comments
Joined Nov 2012
Action101Dec 11, 2019 7:45 AM
1.1K Comments
Quote from Blitz28179 View quoted comment :
Totally agree, Maybe he should edit his post to this
"Nothing good comes from credit cards if you are dumb"
Please do! I don't have a problem with it.
Dec 11, 2019 3:06 PM
1.6K Comments
Joined Aug 2009
coolmannDec 11, 2019 3:06 PM
1.6K Comments
Quote from Jliao426 View quoted comment :
Did you get any updated info from AMEX today?
Yes, yesterday I was told it's valid for ANYONE with an active Amex consumer card in good standing. I asked them to send me an email to confirm this, which I still haven't received. Anyone else called Amex to confirm?
Dec 11, 2019 3:40 PM
4.8K Comments
Joined Sep 2011
cobjonesDec 11, 2019 3:40 PM
4.8K Comments
Quote from Action101 View quoted comment :
Nothing good comes from credit cards. - Dave Ramsey
Yeah trust the guy that wet bankrupt and is now making money off other people with terrible credit.
Dec 11, 2019 5:02 PM
640 Comments
Joined Jan 2009
brat7705Dec 11, 2019 5:02 PM
640 Comments
Quote from coolmann View quoted comment :
Yes, yesterday I was told it's valid for ANYONE with an active Amex consumer card in good standing. I asked them to send me an email to confirm this, which I still haven't received. Anyone else called Amex to confirm?
I did not contact them and went through OPs link on Dec 9. My wife got an email from amex yesterday (Dec 10th) with the promotion. I will be using her card for any deposit with better.com. My application is in initial underwriting. I'm not sure when they'll ask for the card details.

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Dec 11, 2019 5:56 PM
60 Comments
Joined Feb 2012
snuggliestbearDec 11, 2019 5:56 PM
60 Comments
The landing page sure makes it sound like this is available for anyone with a consumer AMEX. I didn't see it listed on any of my many Amex cards (under AMEX offers), but the Better website sent me an e-mail once I began the sign up that mentions the $2500 credit and free appraisal. So far the rates I'm seeing don't beat my current one (3.25%) so I'm not going to continue.

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