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

cclocke

Mar 6, 2020 7:24 PM

467 Comments

Joined Nov 2013

cclockeMar 6, 2020 7:24 PM

467 Comments

Quote from cliftonite

:

Someone said if better refuses to pricematch, you get 1k. Is this true?

I'm in the process of getting the 1K check. I closed on a refinance last week. The better.com rep said they could not match my loan estimate from another lender, which was 3.25% and 1K lender credit, 30 yr fixed. Once you close with the other lender, you just need to send better.com the final closing loan disclosure and mortgage note, showing the terms did not change from the initial estimate you provided them. I e-mailed these documents to the better.com rep yesterday, and received an e-mail today from the rep saying that application has been approved, and a check will be mailed out to me.

Assuming I get the check, the process has actually been incredibly smooth. I'm guessing it has a lot to do with the specific rep you have been assigned to.

Last edited by cclocke March 6, 2020 at 11:55 AM.

stbzer

Mar 6, 2020 7:36 PM

643 Comments

Joined Aug 2005

stbzerMar 6, 2020 7:36 PM

643 Comments

Quote from digitalfool

:

I'd imagine pipelines are super overwhelmed with all these refis. They probably temporarily prop up rates and if someone bites, they make even more. No one is hurting for business right now.

I sense another refi bubble happening.

jazzman161

Mar 6, 2020 8:26 PM

227 Comments

Joined Apr 2006

jazzman161Mar 6, 2020 8:26 PM

227 Comments

My final closing disclosing from Better came in and because of some screw ups on the total loan payoff amount, there is a cash TO borrower of over $3k. Does it make sense to adjust the loan amount to get this as to $0 as possible?

It doesn't seem right to me to have an inflated total loan amount so I can end up with cash in pocket, right?

isekii

Mar 6, 2020 8:30 PM

2.6K Comments

Joined Mar 2008

isekiiMar 6, 2020 8:30 PM

2.6K Comments

Quote from jazzman161

:

My final closing disclosing from Better came in and because of some screw ups on the total loan payoff amount, there is a cash TO borrower of over $3k. Does it make sense to adjust the loan amount to get this as to $0 as possible?

It doesn't seem right to me to have an inflated total loan amount so I can end up with cash in pocket, right?

Same thing happened to me.
They inflated the prepaids so the cash back to me was like over 4 or 5k and the max they give back is $2k so i told them to send me a check for 2 k and the rest take it off the loan amount.

Haven't decided if i'm putting the 2k back into the loan or just keeping it. Prob just keep it

jazzman161

Mar 6, 2020 9:41 PM

227 Comments

Joined Apr 2006

jazzman161Mar 6, 2020 9:41 PM

227 Comments

Quote from isekii

:

Same thing happened to me.
They inflated the prepaids so the cash back to me was like over 4 or 5k and the max they give back is $2k so i told them to send me a check for 2 k and the rest take it off the loan amount.

Haven't decided if i'm putting the 2k back into the loan or just keeping it. Prob just keep it

Well turns out they got back to me and said what you said, $2k is the limit so the loan will need to be re-worked and re-balanced since I was over the limit.

summi99

Mar 7, 2020 12:10 AM

1.9K Comments

Joined Dec 2011

summi99Mar 7, 2020 12:10 AM

1.9K Comments

Quote from jazzman161

:

Well turns out they got back to me and said what you said, $2k is the limit so the loan will need to be re-worked and re-balanced since I was over the limit.

Same thing for me. I used the extra towards total principal. The final loan amount is always high because they reach out to bank as the final step to get the payoff. Payoff amount is always higher than the loan amount which will be your new loan amount.

dudelove

Mar 7, 2020 12:41 AM

109 Comments

Joined Oct 2006

dudeloveMar 7, 2020 12:41 AM

109 Comments

I closed on 2/11. but the rates have been going down since, was wondering if anyone knows how soon I can refinance again? Not getting response from Loan officer I was working with.

supa2001

Mar 7, 2020 12:43 AM

1.8K Comments

Joined Dec 2006

supa2001Mar 7, 2020 12:43 AM

1.8K Comments

Quote from dudelove

:

I closed on 2/11. but the rates have been going down since, was wondering if anyone knows how soon I can refinance again? Not getting response from Loan officer I was working with.

Find someone else to refi cuz the first one is going to lose its commission.

dudelove

Mar 7, 2020 2:50 AM

109 Comments

Joined Oct 2006

dudeloveMar 7, 2020 2:50 AM

109 Comments

Quote from supa2001

:

Find someone else to refi cuz the first one is going to lose its commission.

I received lender's credit that offset my closing costs and this $2500 statement credit will i have to give back.

MilesHunter

Mar 7, 2020 6:01 AM

3.7K Comments

Joined Jul 2012

MilesHunterMar 7, 2020 6:01 AM

3.7K Comments

Quote from cclocke

:

I'm in the process of getting the 1K check. I closed on a refinance last week. The better.com rep said they could not match my loan estimate from another lender, which was 3.25% and 1K lender credit, 30 yr fixed. Once you close with the other lender, you just need to send better.com the final closing loan disclosure and mortgage note, showing the terms did not change from the initial estimate you provided them. I e-mailed these documents to the better.com rep yesterday, and received an e-mail today from the rep saying that application has been approved, and a check will be mailed out to me.

Assuming I get the check, the process has actually been incredibly smooth. I'm guessing it has a lot to do with the specific rep you have been assigned to.

Who did you get 3.25% and 1k credit with? Is that a 15 yr note or 30 yr note?

d3alsoffortune

Mar 7, 2020 7:06 AM

718 Comments

Joined Oct 2011

d3alsoffortuneMar 7, 2020 7:06 AM

718 Comments

Quote from alMac

:

Thanks...this answers my other question...did you use the link posted on the first post and then logged into your AMEX?

No. Link was better.com/<amex> link that the Better.com agent sent. He asked me to apply from there.

d3alsoffortune

Mar 7, 2020 7:07 AM

718 Comments

Joined Oct 2011

d3alsoffortuneMar 7, 2020 7:07 AM

718 Comments

Quote from CrazyCoconut

:

No time limits with refi? Don't have to wait 6 months or anything like that?

I don't believe any such rules exist. At least I have not seen. Will see who is stopping me.

KristinOC

Mar 7, 2020 3:01 PM

234 Comments

Joined Dec 2007

KristinOCMar 7, 2020 3:01 PM

234 Comments

Purchase my house in December with 3.875 on 635k loan. Refi and closed in 2/24/2020 with 3.375. Granted it was with different lender, but I didn't have to wait 6 month to refi.

turbunatorcf

Mar 7, 2020 3:17 PM

909 Comments

Joined Nov 2011

turbunatorcfMar 7, 2020 3:17 PM

909 Comments

Any one getting better than 3.2 APR for $30 yr fixed? I am planning to refinance and was just wondering where to look for rates for PM.

rwerns21

Mar 7, 2020 6:47 PM

138 Comments

Joined Sep 2009

rwerns21Mar 7, 2020 6:47 PM

138 Comments

I went to sofi and they were offering 3% 30 year fixed with 1k credit back. I just refi with better so I'm not sure if I will do it again.

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

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