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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.
Community Notes
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 16, 2020 3:48 PM
222 Comments
Joined Aug 2009
slickster112Jan 16, 2020 3:48 PM
222 Comments
Quote from cetechdude View quoted comment :
Can I ask which company gave you that rate with 0 points? On 15 year or 30 year? Did you have to go through the whole application process with the 3.375% company to get a quote? thanks
What did Better offer you before the match? I'm trying to determine why they won't match 3.375 from 3.875 for mine.
Jan 16, 2020 4:24 PM
75 Comments
Joined Jan 2007
towsonncJan 16, 2020 4:24 PM
75 Comments
I think it was 3 5/8. They should match yours with no questions. Probably just the concierge you're dealing with.
Jan 16, 2020 4:32 PM
10.9K Comments
Joined Nov 2010
youra6Jan 16, 2020 4:32 PM
10.9K Comments
Quote from schweigster View quoted comment :
How is everyone getting them to match? I've battling with them to match and they refuse despite me having a legitimate Loan Estimate from another loaner at 3.375, 0 points. Better's offer is 3.375 with $5,500 in points. When I sent Better the Loan Estimate, they stated the following: "We would have to loose money in this loan to match and beat the other lender, and we can't do that. Since we couldn't beat this, the other part of the Better Price Guarantee is that, if you close and fund on those exact same terms with the other lender, then we will mail you a check for $1,000."

Anyone else have issues getting them to match?
Thats f-ing hilarious. Lose money? They would make that amount in interest in half a year to a year depending how much your loan is.
Jan 16, 2020 6:16 PM
2.1K Comments
Joined Aug 2009
polvoprismboyJan 16, 2020 6:16 PM
2.1K Comments
I guess the matching/beat the rate really depends on your person. The two assigned to me would always reject the loan estimates. Oh well.
Jan 16, 2020 6:50 PM
135 Comments
Joined Jun 2018
cetechdudeJan 16, 2020 6:50 PM
135 Comments
Question for you guys. I found a lender who quoted me 3.125% no points on a 15 year fixed, but they did have origination fees that equaled about 1000.00.
Better will match the offer, but they are trying to match the fees by charging me points to equal the lender origination fees. Should that be the case or should they be able to match without charging points?
Jan 16, 2020 7:19 PM
207 Comments
Joined Sep 2009
Oliade677Jan 16, 2020 7:19 PM
207 Comments
Better matched the offer from Farmers Bank of KC. Farmers had total loan costs of $2,265 ($695 origination fee, $550 appraisal fee, $495 closing/escrow fee, and $525 title insurance) at the 3.375% loan. Better matched that by offering me a $449 lender credit along with fees of $1,714 ($550 appraisal fee, $50 credit report fee, $14 flood certification, $550 title insurance, and $550 title settlement), for a net total of $1,265.

However, with the AmEx offer, the $550 appraisal fee will be refunded, leaving me with a total due of $715. Considering I am also getting a $2,500 statement credit to my AmEx card and the quarter percent drop in interest rate, this is a no brainer. Thanks to everyone who provided information regarding the mortgage match, as that was the kicker that made this offer viable. And MANY thanks to the OP for posting this deal.

If anyone has any specific questions about the process, I'll do my best to help.
Jan 16, 2020 9:27 PM
109 Comments
Joined Oct 2006
dudeloveJan 16, 2020 9:27 PM
109 Comments
Where to get a loan estimate? All lenders I check require me to upload all financial documents to get a quote.

any simpler way to get a loan estimate?

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Jan 16, 2020 11:53 PM
399 Comments
Joined Apr 2005
x0lliexJan 16, 2020 11:53 PM
399 Comments
Quote from Oliade677 View quoted comment :
Better matched the offer from Farmers Bank of KC. Farmers had total loan costs of $2,265 ($695 origination fee, $550 appraisal fee, $495 closing/escrow fee, and $525 title insurance) at the 3.375% loan. Better matched that by offering me a $449 lender credit along with fees of $1,714 ($550 appraisal fee, $50 credit report fee, $14 flood certification, $550 title insurance, and $550 title settlement), for a net total of $1,265.

However, with the AmEx offer, the $550 appraisal fee will be refunded, leaving me with a total due of $715. Considering I am also getting a $2,500 statement credit to my AmEx card and the quarter percent drop in interest rate, this is a no brainer. Thanks to everyone who provided information regarding the mortgage match, as that was the kicker that made this offer viable. And MANY thanks to the OP for posting this deal.

If anyone has any specific questions about the process, I'll do my best to help.
I would confirm with them you are in the Amex deal as I don't think there is a refund for the appraisal fee, it is simply not charged at all and should not even show on the estimate (mine shows no appraisal fee).
Jan 17, 2020 12:02 AM
2.1K Comments
Joined Feb 2008
coolkatz321Jan 17, 2020 12:02 AM
2.1K Comments
Quote from dudelove View quoted comment :
Where to get a loan estimate? All lenders I check require me to upload all financial documents to get a quote.

any simpler way to get a loan estimate?
That's illegal. They are required to give you a loan estimate based solely on a credit check and basic information you provide.If ANYONE tries to tell you that you need to provide financial documents, tell them they are violating federal law and point them to the CFPB. They'll back down immediately.

https://www.consumerfinance.gov/a...e-en-1987/

I actually found this out from Better during my application process--they literally helped me get other estimates and matched all of them.

Also, highly recommend Cash Call for getting a good rate for Better to match. They're huge a-holes to deal with, but they'll give you a great rate/estimate and Better will match.
Jan 17, 2020 12:29 AM
719 Comments
Joined Oct 2011
d3alsoffortuneJan 17, 2020 12:29 AM
719 Comments
Quote from coolkatz321 View quoted comment :
That's illegal. They are required to give you a loan estimate based solely on a credit check and basic information you provide.If ANYONE tries to tell you that you need to provide financial documents, tell them they are violating federal law and point them to the CFPB. They'll back down immediately.

https://www.consumerfinance.gov/a...e-en-1987/ [consumerfinance.gov]

I actually found this out from Better during my application process--they literally helped me get other estimates and matched all of them.

Also, highly recommend Cash Call for getting a good rate for Better to match. They're huge a-holes to deal with, but they'll give you a great rate/estimate and Better will match.
What is Cash Call?
Jan 17, 2020 1:12 AM
511 Comments
Joined Dec 2011
imsatJan 17, 2020 1:12 AM
511 Comments
Anyone received Credit so far from Better.com? It says 8-12 weeks but, just want to confirm:

"The statement credit will be applied 8-12 weeks after your mortgage closes"
Jan 17, 2020 1:22 AM
292 Comments
Joined Feb 2010
empJan 17, 2020 1:22 AM
292 Comments
Is Better just waiving the appraisal fee or are they waiving the need for an appraisal? I am currently in the middle of a remodel (DIY fixer upper) and don't think I'll be done until the summer. If no appraisal needed then I could refi now, I'm itching to get rid of PMI along with a much lower rate but don't want to start the process to just get turned down due to construction.
Jan 17, 2020 3:25 AM
222 Comments
Joined Aug 2009
slickster112Jan 17, 2020 3:25 AM
222 Comments
Quote from polvoprismboy View quoted comment :
I guess the matching/beat the rate really depends on your person. The two assigned to me would always reject the loan estimates. Oh well.
What reason were you given for the rejection? Anyone figure out how to contact someone else to possibly get approved?
Jan 17, 2020 3:37 AM
2.1K Comments
Joined Feb 2008
coolkatz321Jan 17, 2020 3:37 AM
2.1K Comments
Quote from emp View quoted comment :
Is Better just waiving the appraisal fee or are they waiving the need for an appraisal? I am currently in the middle of a remodel (DIY fixer upper) and don't think I'll be done until the summer. If no appraisal needed then I could refi now, I'm itching to get rid of PMI along with a much lower rate but don't want to start the process to just get turned down due to construction.
They waive the fee. Appraiser came out for the house we're buying.

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Jan 17, 2020 3:38 AM
2.1K Comments
Joined Feb 2008
coolkatz321Jan 17, 2020 3:38 AM
2.1K Comments
(Deleting bc repetitive)
Last edited by coolkatz321 January 17, 2020 at 04:37 AM.

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