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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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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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9.8K Comments

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Jan 6, 2020 4:16 PM
279 Comments
Joined Nov 2013
xxBiohazrDxxJan 6, 2020 4:16 PM
279 Comments
Quote from CrazyCoconut View quoted comment :
I just purchased a home back in August 2019 with a State-Based Down Payment Assistance Program. I can refi sometime in mid-February. I have about 6.2% equity in the home right now, not factoring in appreciation. There is PMI on the loan. I have a 780 credit score.

Should I pay down and gain equity to at least 10% with the current lender (interest rate is at 5%), or should I pay towards principal at closing with better.com? I believe my current lender there's fees associated with getting rid of the PMI.
I would make additional down payment when you refi. The reason being that your current lender isnt obligated to remove PMI until you reach 21 or 22% (dont remember exactly what, but it's some number above 20%). They CAN, but they are not required to.

With the new loan at 20% equity you just wont have to worry about PMI at all.
Jan 6, 2020 5:36 PM
388 Comments
Joined Jan 2011
slackinormackinJan 6, 2020 5:36 PM
388 Comments
Just Locked in my rate. I used a Zillow lenders quote (no real verification was required) and got better.com to beat it by $1000 (as their PM policy says they will). even though I had a decent rate before I should end up getting $5k in my pocket and get a slightly lower interest rate.

Thanks!
Jan 6, 2020 6:12 PM
396 Comments
Joined Dec 2007
harvdog13Jan 6, 2020 6:12 PM
396 Comments
Quote from slackinormackin View quoted comment :
Just Locked in my rate. I used a Zillow lenders quote (no real verification was required) and got better.com to beat it by $1000 (as their PM policy says they will). even though I had a decent rate before I should end up getting $5k in my pocket and get a slightly lower interest rate.

Thanks!
What all did you have to submit to them?
Jan 6, 2020 7:00 PM
388 Comments
Joined Jan 2011
slackinormackinJan 6, 2020 7:00 PM
388 Comments
Quote from harvdog13 View quoted comment :
What all did you have to submit to them?
I have so far only had to upload current mortgage statements for my 2 properties, had to esign several documents, and provide some more info by selecting drop downs (very minimal overall). it seems like they were able to pull more information electronically than others causing me less work. Overall the process has been very easy, but I am not all the way through. I am sure some of it depends on your particular situation - I would say I am a medium complicated case as I have many varying types of loans and other properties. Overall, if your interest rate is higher than todays lowest rates (though zillow or whatever internet mortgage broker gives you) you should get in on this deal. the fees are very low due to appraisal fee waiving (usually $500-600), they will give you an extra $1000 for price matching and the $2500. easy $$$.

btw, i didnt get a personalized offer but am still able to get the amex deal. the rep. assured me im in the "amex workflow" and my blue cashback is eligible for the $2500.
Last edited by slackinormackin January 6, 2020 at 11:02 AM.
Jan 6, 2020 7:16 PM
388 Comments
Joined Jan 2011
slackinormackinJan 6, 2020 7:16 PM
388 Comments
Quote from harvdog13 View quoted comment :
What all did you have to submit to them?
Sorry, if you meant, what did i have to submit for price matching... literally nothing. I just told them the rate and credit amount. i didnt even mention the company name.
Jan 6, 2020 7:19 PM
5.4K Comments
Joined Jul 2004
Gdog2004Jan 6, 2020 7:19 PM
5.4K Comments
Quote from slackinormackin View quoted comment :
I have so far only had to upload current mortgage statements for my 2 properties, had to esign several documents, and provide some more info by selecting drop downs (very minimal overall). it seems like they were able to pull more information electronically than others causing me less work. Overall the process has been very easy, but I am not all the way through. I am sure some of it depends on your particular situation - I would say I am a medium complicated case as I have many varying types of loans and other properties. Overall, if your interest rate is higher than todays lowest rates (though zillow or whatever internet mortgage broker gives you) you should get in on this deal. the fees are very low due to appraisal fee waiving (usually $500-600), they will give you an extra $1000 for price matching and the $2500. easy $$$.

btw, i didnt get a personalized offer but am still able to get the amex deal. the rep. assured me im in the "amex workflow" and my blue cashback is eligible for the $2500.
What do you mean by " they will give you an extra $1000 for price matching" ?
Jan 6, 2020 7:24 PM
388 Comments
Joined Jan 2011
slackinormackinJan 6, 2020 7:24 PM
388 Comments
Quote from Gdog2004 View quoted comment :
What do you mean by " they will give you an extra $1000 for price matching" ?
https://better.com/faq/better-gua...-guarantee

"We will beat a competitor's offer by at least $1000 or we'll pay you $1000."

Go on Zillow, find the cheapest mortgage lender there. If its lower than Better.com rates (which it likely will be) they will match it AND beat it by $1000 in the form of additional credit.

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Jan 6, 2020 8:35 PM
1.5K Comments
Joined Dec 2007
RattorJan 6, 2020 8:35 PM
1.5K Comments
Quote from slackinormackin View quoted comment :
Sorry, if you meant, what did i have to submit for price matching... literally nothing. I just told them the rate and credit amount. i didnt even mention the company name.
What credit amount did you have to tell them? The lender fees? I just checked zillow, and they have the same rate for that better.com is offering, but the lender fees column shows $199, whereas the points/credits column on better.com shows $1775. Would I be eligible for a price match bonus $1000 for that?
Jan 6, 2020 9:05 PM
396 Comments
Joined Dec 2007
harvdog13Jan 6, 2020 9:05 PM
396 Comments
Quote from slackinormackin View quoted comment :
Sorry, if you meant, what did i have to submit for price matching... literally nothing. I just told them the rate and credit amount. i didnt even mention the company name.
Thanks, the PM is what I was looking for.
Jan 7, 2020 5:12 PM
219 Comments
Joined Sep 2015
bxrazeJan 7, 2020 5:12 PM
219 Comments
Has anyone use better for first time home buyer?
Pro
Jan 7, 2020 8:33 PM
169 Comments
Joined Nov 2015
rtw07
Pro
Jan 7, 2020 8:33 PM
169 Comments
I'm just about to close on my refi and I just received the task for the Amex credit.
Jan 7, 2020 8:36 PM
6.5K Comments
Joined Jun 2005
PhantasmXJan 7, 2020 8:36 PM
6.5K Comments
Quote from rtw07 View quoted comment :
I'm just about to close on my refi and I just received the task for the Amex credit.
Did you receive the offer in the card or you just go through Better (without the offer) and pay with your Amex card?
Pro
Jan 7, 2020 8:37 PM
169 Comments
Joined Nov 2015
rtw07
Pro
Jan 7, 2020 8:37 PM
169 Comments
Quote from PhantasmX View quoted comment :
Did you receive the offer in the card or you just go through Better (without the offer) and pay with your Amex card?
I went through the public link, I wasn't directly targeted for it.
Jan 7, 2020 9:01 PM
388 Comments
Joined Jan 2011
slackinormackinJan 7, 2020 9:01 PM
388 Comments
Quote from Rattor View quoted comment :
What credit amount did you have to tell them? The lender fees? I just checked zillow, and they have the same rate for that better.com is offering, but the lender fees column shows $199, whereas the points/credits column on better.com shows $1775. Would I be eligible for a price match bonus $1000 for that?
assuming the better is saying they would charge $1775 (vs you getting a credit in that amount) - YES - you can pricematch and get another $1000. So you'd get a net credit of $800 ($1000-$200).

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Jan 7, 2020 10:10 PM
2.1K Comments
Joined Aug 2009
polvoprismboyJan 7, 2020 10:10 PM
2.1K Comments
Anyone know if this will work on a Blue Sky AMEX card?

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