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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.
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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9,848 Comments

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Mar 2, 2020
856 Posts
Joined Dec 2006
Mar 2, 2020
dczyz
Mar 2, 2020
856 Posts
Just tried them for Dallas - Fort Worth. Texas and rates where not good. (I am very good credit)

30 Year Fixed
3.500% / 3.688%
$5,834 in points
$1,987 in fees
Last edited by dczyz March 2, 2020 at 03:46 PM.
Mar 2, 2020
11,997 Posts
Joined Oct 2008
Mar 2, 2020
RUsum1
Mar 2, 2020
11,997 Posts
Quote from LeaninBack916 :
Well since they quote fast... I did mine just to share

95834 (CA), 390k value, 229k loan, 800+ score... and I got barely a smidge better there.

30 year - Rate 3.000%, Apr 3.134%, payment $970, points $3,738
Ah so people getting these rates have a smaller loan-to-value ratio for their mortgage compared to me. That's a little reassuring. I see the posts talking about 3% with no fees and think I'm getting a bad deal, but it seems like I'm not actually for my situation.
Mar 2, 2020
65 Posts
Joined May 2006
Mar 2, 2020
pkchoban
Mar 2, 2020
65 Posts
Locked a 3.25 30 yr 1,500 net closing costs. This was last Thursday might be able to do even better. Close within 30 days. In RI with a diff lender not better. Had another bank quote even more aggressive but was based in Michigan. Wanted local.
Mar 3, 2020
2,581 Posts
Joined Feb 2008
Mar 3, 2020
LeaninBack916
Mar 3, 2020
2,581 Posts
Quote from pkchoban :
Locked a 3.25 30 yr 1,500 net closing costs. This was last Thursday might be able to do even better. Close within 30 days. In RI with a diff lender not better. Had another bank quote even more aggressive but was based in Michigan. Wanted local.
Can I ask why you wanted local? Wouldn't you just want the best price?

If you are going to say local to support the local economy... even CUs outsource a lot of the underwriting technology. Sure, they have a underwriter at said company but they just feed your data into 3rd party technologies and outsourced vendors to process most of it now a days.

I'm just curious. I would want the best deal in whatever state it was housed.
Mar 3, 2020
1,412 Posts
Joined Jan 2020
Mar 3, 2020
SiennaDeer8270
Mar 3, 2020
1,412 Posts
Quote from RUsum1 :
Ah so people getting these rates have a smaller loan-to-value ratio for their mortgage compared to me. That's a little reassuring. I see the posts talking about 3% with no fees and think I'm getting a bad deal, but it seems like I'm not actually for my situation.
Tried for my other property where Julia Roberts just moved into the neighborhood. 94118 4mil 450k 3.00% $266 points. Guess this lender loves them some CA loans.
Mar 3, 2020
1,927 Posts
Joined Nov 2006
Mar 3, 2020
pitt23fan
Mar 3, 2020
1,927 Posts
Quote from RUsum1 :
So it must be zip code and home value dependent. Because I definitely do not see any rates like that for my area. Thank you
Same here....my rates have went up from 3.2% to 3.9% in less than 5 days on a 63% loan value with an 810 credit score.
Mar 3, 2020
11,997 Posts
Joined Oct 2008
Mar 3, 2020
RUsum1
Mar 3, 2020
11,997 Posts
Quote from dczyz :
Just tried them for Dallas - Fort Worth. Texas and rates where not good. (I am very good credit)

30 Year Fixed
3.500% / 3.688%
$5,834 in points
$1,987 in fees
This thread really needs a Wiki for some info. I don't know why there isn't one.

Better started off terribly for me too when I first applied just using their website. Get real quotes from a couple people (you'll probably need to submit your info for them to give formal estimates) then send the best quote to the others for them to beat and repeat a few times to get a good deal.

Better started their offer at 3.5% with $1900 in fees for me and got as low as 3.25% with $141 in fees after a few times back and forth. I will end up going with a different lender who settled at 3.25% with no fees and will apply for the $1000 cash offer for Better not being able to match.
Last edited by RUsum1 March 2, 2020 at 08:17 PM.

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Mar 3, 2020
10,362 Posts
Joined Dec 2006
Mar 3, 2020
Switching2Geico
Mar 3, 2020
10,362 Posts
Im in a 30 year 3.25 loan. Loan value at $550k. Equity $600k. So jumbo. Has anyone seen better rates for 30 year and even 15 year?
Mar 3, 2020
5,310 Posts
Joined Jul 2004
Mar 3, 2020
Gdog2004
Mar 3, 2020
5,310 Posts
I just locked in with another lender at 2.75 15 year fixed--184,000 loan....I wonder if better can beat that...
Mar 3, 2020
1,449 Posts
Joined Apr 2004
Mar 3, 2020
BMWZ8Bond
Mar 3, 2020
1,449 Posts
Fed just cut rates .5 percentage point. It was unexpected to happen this soon. While there continues to be somewhat of a disconnect between fed funds rates and mortgage rates, I'd let the mortgage rate desks some time to digest this and price accordingly. I think usually takes a day or two.
Mar 3, 2020
1,412 Posts
Joined Jan 2020
Mar 3, 2020
SiennaDeer8270
Mar 3, 2020
1,412 Posts
Quote from Gdog2004 :
I just locked in with another lender at 2.75 15 year fixed--184,000 loan....I wonder if better can beat that...
Terrible deal. Why are people still locking in? 30 year going down to 2.5% and 15 year will be sub 2%. Another 50 basis point cut coming later this year. The 30 year will be sub 2% soon. Keep waiting.
Mar 3, 2020
73 Posts
Joined Oct 2008
Mar 3, 2020
Niteshade
Mar 3, 2020
73 Posts
Quote from SiennaDeer8270 :
Terrible deal. Why are people still locking in? 30 year going down to 2.5% and 15 year will be sub 2%. Another 50 basis point cut coming later this year. The 30 year will be sub 2% soon. Keep waiting.
You understand refinancing is not a one-time deal right? The AMEX $2500 is not even a one-time thing if you use Better.com and Quicken Loans.
Mar 3, 2020
1,412 Posts
Joined Jan 2020
Mar 3, 2020
SiennaDeer8270
Mar 3, 2020
1,412 Posts
Quote from Niteshade :
You understand refinancing is not a one-time deal right? The AMEX $2500 is not even a one-time thing if you use Better.com and Quicken Loans.
Has anyone successfully used both better.com and quicken? I still view this as a one time deal. Not all of us have wives or significant others to use. This offer expires this summer. Then you'll have to go back to paying closing costs and waiting years for the breakeven point. I'd rather use the money to invest in tesla.
Mar 3, 2020
37 Posts
Joined Jan 2011
Mar 3, 2020
aamir_24
Mar 3, 2020
37 Posts
Seems like rates have started to creep up.
Should lock or wait?

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Mar 3, 2020
885 Posts
Joined Mar 2010
Mar 3, 2020
JustWrong
Mar 3, 2020
885 Posts
Quote from SiennaDeer8270 :
Has anyone successfully used both better.com and quicken? I still view this as a one time deal. Not all of us have wives or significant others to use. This offer expires this summer. Then you'll have to go back to paying closing costs and waiting years for the breakeven point. I'd rather use the money to invest in tesla.
Wonder if anybody took the big credit by taking higher rate, then refinance with another lender and lower the interest.

Is there a grace period before you can refinance again, especially for people taking higher rate with 5-10k credit?

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