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

isekii

Mar 5, 2020 3:56 AM

2.6K Comments

Joined Mar 2008

isekiiMar 5, 2020 3:56 AM

2.6K Comments

Quote from gkwong

:

Rates arent going up anytime soon

That's my point. He shouldn't sign anything

mjspam

Mar 5, 2020 4:06 AM

833 Comments

Joined Sep 2013

mjspamMar 5, 2020 4:06 AM

833 Comments

Quote from RUsum1

:

Has anyone heard of a situation like this:

Lender rep agreed to 3.25% and $1000 lender credit. I tell them that is good.
They send me a link to sign some eDocs which show a loan $6000 more than what I need, a higher rate, lots of extra fees, and no lender credit.
I tell her that I don't want to sign any documents with incorrect info
She swears to me that I have to first sign the document that shows what their initial offer was so that I officially become their client, and after I sign is the only time they have the ability to fix the numbers to what was agreed to.

It sounds sketchy as hell and I don't trust it at all. I asked why would I be required to sign official documents with incorrect numbers? Why can't the documents be changed to show the correct numbers that I can then sign? She says this is how 90% of loans are done.

I am having a similar issue. They came down on the points, but their docs had the higher points. They corrected it, but now that I am ready for closing, the points went back up. They said they will fix it, but they have not and keep calling me to schedule closing.

hungiema

Mar 5, 2020 4:32 AM

293 Comments

Joined Mar 2010

hungiemaMar 5, 2020 4:32 AM

293 Comments

Quote from mjspam

:

I am having a similar issue. They came down on the points, but their docs had the higher points. They corrected it, but now that I am ready for closing, the points went back up. They said they will fix it, but they have not and keep calling me to schedule closing.

this is the very same situation i had with better.com. my numbers were way off until the day before closing. it was so fustrating and stressful. when they ask for a survey, i actually sent them one because I had alot to be angry about. The better.com replied back with a apology letter and promise to improve. They also said they will send me a 200$ amazon gc as a gift. but i have yet to see it in my mailbox.

pitt23fan

Mar 5, 2020 4:46 AM

1.9K Comments

Joined Nov 2006

pitt23fanMar 5, 2020 4:46 AM

1.9K Comments

Quote from gkwong

:

Rates arent going up anytime soon

That's not completely true at all. My rates have been going up all day for a 220,000 loan on a 320,000 value home with an 800+ credit score and zero debt.

gkwong

Mar 5, 2020 4:47 AM

9.1K Comments

Joined Jul 2006

gkwongMar 5, 2020 4:47 AM

9.1K Comments

Quote from pitt23fan

:

That's not completely true at all. My rates have been going up all day for a 220,000 loan on a 320,000 value home with an 800+ credit score and zero debt.

The fed just cut the rate today, so idk why yours is going up

pitt23fan

Mar 5, 2020 4:49 AM

1.9K Comments

Joined Nov 2006

pitt23fanMar 5, 2020 4:49 AM

1.9K Comments

Quote from gkwong

:

The fed just cut the rate today, so idk why yours is going up

A. It was cut yesterday. B. The interest rates were already adjusted the last few weeks in anticipation of the fed cutting the rates. The Fed rate cut will not effect 15 & 30 year mortgages(this has already been stated by many experts).

Invertex

Mar 5, 2020 5:16 AM

317 Comments

Joined Aug 2003

InvertexMar 5, 2020 5:16 AM

317 Comments

Quote from pitt23fan

:

A. It was cut yesterday. B. The interest rates were already adjusted the last few weeks in anticipation of the fed cutting the rates. The Fed rate cut will not effect 15 & 30 year mortgages(this has already been stated by many experts).

Rates are going up because there is too much volume for purchases and refinancing.
Why lower your rates when you already have enough work to do. A seller doesn't lower their price when they have a popular item.

pitt23fan

Mar 5, 2020 5:31 AM

1.9K Comments

Joined Nov 2006

pitt23fanMar 5, 2020 5:31 AM

1.9K Comments

Quote from Invertex

:

Rates are going up because there is too much volume for purchases and refinancing.
Why lower your rates when you already have enough work to do. A seller doesn't lower their price when they have a popular item.

That's my point...they don't have a need to lower again(since they lowed in anticipation of the fed cut). I wish we could shop other countries for loans...especially the ones that are in the negatives.

techoin

Mar 5, 2020 2:36 PM

643 Comments

Joined Feb 2007

techoinMar 5, 2020 2:36 PM

643 Comments

which lenders advertise rates online so one can avoid calling for latest rates..from the discussion so far below are the ones I have gathered

better.com
aimloan.com
lenderfi.com

dealshunter09

Mar 5, 2020 2:36 PM

69 Comments

Joined Dec 2009

dealshunter09Mar 5, 2020 2:36 PM

69 Comments

Anyone not get the $2500 amex credit that closed in jan or earlier

ptmtctetpstmstcstest

Mar 5, 2020 2:52 PM

1.1K Comments

Joined Oct 2008

ptmtctetpstmstcstestMar 5, 2020 2:52 PM

1.1K Comments

Quote from techoin

:

which lenders advertise rates online so one can avoid calling for latest rates..from the discussion so far below are the ones I have gathered

better.com
aimloan.com
lenderfi.com

owning.com (for CA only)

TealCarpenter4849

Mar 5, 2020 3:38 PM

134 Comments

Joined Mar 2018

TealCarpenter4849Mar 5, 2020 3:38 PM

134 Comments

I got 3.75%, 30yrs fixed from 4.25% with $1470 cash to close to Borrower+$4995 Lender credits (adjusted to loan estimate)+$2500 AMEX credit (yet to get in 4-8 weeks) from Better.com. My loan was closed by 2/19/2020.

My loan is transferred to Mr Cooper (Nationstar) Mortgage within 2 weeks of closing from Better.com, even the first payment is with Mr Cooper.

digitalfool

Mar 5, 2020 4:06 PM

237 Comments

Joined Jul 2012

digitalfoolMar 5, 2020 4:06 PM

237 Comments

Quote from dealshunter09

:

Anyone not get the $2500 amex credit that closed in jan or earlier

I have not received a credit yet. I did follow up a week or so ago and they gave me the standard 8 - 12 weeks.

jazzman161

Mar 5, 2020 4:07 PM

227 Comments

Joined Apr 2006

jazzman161Mar 5, 2020 4:07 PM

227 Comments

How soon did people get the $550 appraisal fee refunded back to their card when it was no longer deemed necessary to do an appraisal? (I didn't do the AMEX deal so appraisal fee was initially on the table).

I received a "task" halfway through the process that said appraisal was not needed and it'll be refunded in a "few business days" but it's been almost a week now.

Just curious if anybody has been in the same boat? I am still in the closing process FYI. Scheduled to close this Sat.

diavolo33

Mar 5, 2020 4:22 PM

8.9K Comments

Joined May 2007

diavolo33Mar 5, 2020 4:22 PM

8.9K Comments

Quote from jazzman161

:

How soon did people get the $550 appraisal fee refunded back to their card when it was no longer deemed necessary to do an appraisal? (I didn't do the AMEX deal so appraisal fee was initially on the table).

I received a "task" halfway through the process that said appraisal was not needed and it'll be refunded in a "few business days" but it's been almost a week now.

Just curious if anybody has been in the same boat? I am still in the closing process FYI. Scheduled to close this Sat.

I wasn't charged for the appraisal. The terms say the fee will be waived. Strange that they are charging some people and not others. Might be a state-specific thing.

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

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