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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 3, 2020
885 Posts
Joined Mar 2010
Mar 3, 2020
JustWrong
Mar 3, 2020
885 Posts
Quote from aamir_24 :
Seems like rates have started to creep up.
Should lock or wait?
Fed just cut 50 basis points, so expect the rate would go lower, probably not by the same amount.
Mar 3, 2020
75 Posts
Joined Nov 2010
Mar 3, 2020
bigal2001
Mar 3, 2020
75 Posts
Was emailed this morning that they couldn't beat a 3.25 rate through Ally. I'm going to wait until rates drop more before the 7/25 deadline and get a "better" deal.
Mar 3, 2020
236 Posts
Joined Jul 2012
Mar 3, 2020
digitalfool
Mar 3, 2020
236 Posts
Quote from EverGreed :
Fed just cut 50 basis points, so expect the rate would go lower, probably not by the same amount.
The market kind of anticipated this move, so a lot of it has been factored in. It definitely will not be a .5% reduction and only ARMS seeing more of a lower adjustment than a 30 year fixed.
Mar 3, 2020
6,123 Posts
Joined Jun 2005
Mar 3, 2020
PhantasmX
Mar 3, 2020
6,123 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.
Invest in Tesla? laugh out loud You missed the boat unless you have lots of cash floating around. The stock is a pump and dump for insiders. The company haven't done anything that is considered "groundbreaking" Unless you got in early, sit back. If not, avoid.
Mar 3, 2020
11,997 Posts
Joined Oct 2008
Mar 3, 2020
RUsum1
Mar 3, 2020
11,997 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.
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.
While I think you might be trying to help people, all of your comments come off as abrasive. To some people a bird in hand is better than two in a bush. Sure mortgage rates COULD go down another 0.5% in several months, but if they happen to have a 4.25% now and can get 3.25% now with a great deal then why not do it. Then if they go down to 2.75% later they can refinance again. If you refinance now, with the money saved for these next few months it could pay for the next refinance.

If rates are going to get as aggressive as you claim, why do you think closing costs will increase? I have no way of taking advantage of the AMEX deal but I got Better in a bidding war with another lender and it looks like they won't be able to match. That $1000 from Better is going to pay for my closing costs with the other lender. If rates go down again, I'll start another bidding war and potentially collect on their price match policy again. If rates don't go down a significant amount, then at least I reduced my mortgage by $100 per month

Also, why are you trying so hard to pump up your Tesla stock to all of us? You trying to drive up demand to dump yours?
Last edited by RUsum1 March 3, 2020 at 08:15 AM.
Mar 3, 2020
1,883 Posts
Joined Dec 2011
Mar 3, 2020
summi99
Mar 3, 2020
1,883 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.
Because it's a personal decision to lock. Not everyone think alike.
I locked before all the corona thing in Jan @3.25% for $4300 credit plus $2500 Amex credit. Closed and got a check back for $2000 and waiting for Amex $2500. I will keep looking and if rates go down and if it's $0 out of pocket then will refi again.
Pro
Mar 3, 2020
5,067 Posts
Joined Jul 2006
Mar 3, 2020
shahhere
Pro
Mar 3, 2020
5,067 Posts
Quote from RUsum1 :
While I think you might be trying to help people, all of your comments come off as abrasive. To some people a bird in hand is better than two in a bush. Sure mortgage rates COULD go down another 0.5% in several months, but if they happen to have a 4.25% now and can get 3.25% now with a great deal then why not do it. Then if they go down to 2.75% later they can refinance again. If you refinance now, with the money saved for these next few months it could pay for the next refinance.

If rates are going to get as aggressive as you claim, why do you think closing costs will increase? I have no way of taking advantage of the AMEX deal but I got Better in a bidding war with another lender and it looks like they won't be able to match. That $1000 from Better is going to pay for my closing costs with the other lender. If rates go down again, I'll start another bidding war and potentially collect on their price match policy again. If rates don't go down a significant amount, then at least I reduced my mortgage by $100 per month

Also, why are you trying so hard to pump up your Tesla stock to all of us? You trying to drive up demand to dump yours?

I cant believe you called this person "abrasive" you are completely off base here; if anything this person is a class A Moron and a douchebag.


Correcting people Online on the usage of Lose and Loose and Grammar lol; idiot. No one gives a crap about Grammar this isn't a PHD site but a Deals site and if cant understand the context of shit like that then everything I have said above holds true!


All of the mortgage advice is off base and highly opinionated for yourself it seems but for most this isn't true. Mortgage rates are not reactive like you've put it and no one has a Crystal Ball to say rates will drive down; cant be absolute about this.


At best the rates are really aggressive and if it makes sense for your situation then you should refinance. I am greedy as I refinance often and might wait but at the risk of rates or deals or offers not being the same.


Shahhere

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Mar 3, 2020
5,313 Posts
Joined Jul 2004
Mar 3, 2020
Gdog2004
Mar 3, 2020
5,313 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.
if so I can refinance again.
Mar 3, 2020
1,412 Posts
Joined Jan 2020
Mar 3, 2020
SiennaDeer8270
Mar 3, 2020
1,412 Posts
Quote from Gdog2004 :
if so I can refinance again.
Refinance all you want. There are costs associated. If not, everyone would refinance every 0.1% drop. I'm waiting until the amex deadline.
Mar 3, 2020
1,412 Posts
Joined Jan 2020
Mar 3, 2020
SiennaDeer8270
Mar 3, 2020
1,412 Posts
Quote from bigal2001 :
Was emailed this morning that they couldn't beat a 3.25 rate through Ally. I'm going to wait until rates drop more before the 7/25 deadline and get a "better" deal.
Smart. Dont listen to these others who say refinance now. They work for a bank!! Banks want you to refinance now.

I'm not here to make friends.
I'm just trying to save you some money.
Mar 3, 2020
2,581 Posts
Joined Feb 2008
Mar 3, 2020
LeaninBack916
Mar 3, 2020
2,581 Posts
Still waiting for the last 3 tasks to clear.

I re-read one of my tasks and they keep calling my 2nd mortgage payoff (about 25k) a subordinated loan and want all the terms for it even though its getting paid off by the cash out refi. Sounds like others have had a bit better of a time but my last 3 tasks are all boneheaded requests that, again, either don't make sense or are asked poorly.

I second the "you can't get ahold of someone" when you want to run a question by either by phone or e-mail.

So, I'll just wait for their daily check on my app and see what task is next.
Mar 3, 2020
11,997 Posts
Joined Oct 2008
Mar 3, 2020
RUsum1
Mar 3, 2020
11,997 Posts
Quote from SiennaDeer8270 :
Refinance all you want. There are costs associated. If not, everyone would refinance every 0.1% drop. I'm waiting until the amex deadline.
There are also costs associated with paying on a higher rate while waiting months for the exact perfect time to refinance.
Mar 3, 2020
5,313 Posts
Joined Jul 2004
Mar 3, 2020
Gdog2004
Mar 3, 2020
5,313 Posts
Quote from RUsum1 :
There are also costs associated with paying on a higher rate while waiting months for the exact perfect time to refinance.
Exactly. I mean shoot...this guy is telling me a no cost 15 year fixed at 2.75 is a bad deal, and yet that is one of the lowest rates in history.
Mar 3, 2020
1,883 Posts
Joined Dec 2011
Mar 3, 2020
summi99
Mar 3, 2020
1,883 Posts
Quote from Gdog2004 :
Exactly. I mean shoot...this guy is telling me a no cost 15 year fixed at 2.75 is a bad deal, and yet that is one of the lowest rates in history.
One man's trash is another man's treasure. Id say do what works best in your scenario.

If 10 year note falls below 1 or lower doesn't mean the interest rates will go down to 2%.
Supply and demand is an important factor and right now there is high demand for refi.

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Mar 3, 2020
13 Posts
Joined Nov 2008
Mar 3, 2020
piratefan2
Mar 3, 2020
13 Posts
I'm 4 years into a 15 year-fixed mortgage at 2.625%. Wife and I both have high 700s/low 800s credit scores. What's the likelihood that I could do better with better.com at this point?

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