Slickdeals is community-supported.  We may get paid by brands for deals, including promoted items.
Missed This Deal? Get alerts when similar deals are posted.
expired
expired
Greenworld123 1.4M Views
Dec 8, 2019 2:27 PM

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

American Express Giftcards
Visit Retailer
Good Deal?
9,847Comments
Save
Share
Deal Details
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.

Community Voting

Deal Score
+226
Good Deal
Visit Retailer

Join The Conversation

Share your experience with the Slickdeals community

Share information with the community. Please follow our Community Guidelines and be kind!

9.8K Comments

Sign up for a Slickdeals account to remove this ad.

Mar 10, 2020 6:31 PM
134 Comments
Joined Mar 2018
TealCarpenter4849Mar 10, 2020 6:31 PM
134 Comments
Quote from Tushi View quoted comment :
Just for information:
Closed on Feb 19th and got 2500$ credit today (March 10th)
Same dates too...thanks
Mar 10, 2020 6:31 PM
1.1K Comments
Joined Aug 2010
GoEagles997Mar 10, 2020 6:31 PM
1.1K Comments
Quote from Zorn View quoted comment :
Man, $6,300 in closing costs is insanely high. I am about to close on a refinance (was unable to use Better) and all the lenders I shopped, the closing costs always were about $2,500-$3,000. I went with my current lender mainly because they had low rates as well as closing costs just under $2k. That price is basically sucking up all your savings from the Amex deal.

Are they buying your rate down with points? That could be why the price is so high.
Thanks for the feedback!
Pro
Mar 10, 2020 6:34 PM
5.1K Comments
Joined Jun 2008
AndrewinMD
Pro
Mar 10, 2020 6:34 PM
5.1K Comments
Quote from Zorn View quoted comment :
Man, $6,300 in closing costs is insanely high. I am about to close on a refinance (was unable to use Better) and all the lenders I shopped, the closing costs always were about $2,500-$3,000. I went with my current lender mainly because they had low rates as well as closing costs just under $2k. That price is basically sucking up all your savings from the Amex deal.

Are they buying your rate down with points? That could be why the price is so high.
My guess is that extra money is points, not true closing costs. I'm miffed because I just did a refi last year down to 3.25%, but if I had waited, I probably could get 3%. I need at least 0.5% to make it worthwhile, and 2.75% seems very unlikely on a 30 year.
Mar 10, 2020 6:34 PM
5.1K Comments
Joined Aug 2006
hugeMar 10, 2020 6:34 PM
5.1K Comments
3% for 30 year is possible for some types of loans. I think maybe FHA or below 635k

Even though rates have been dropping, they are not giving us lower rates because of supply and demand. The demand is crazy right now
Mar 10, 2020 6:35 PM
1.5K Comments
Joined Sep 2005
ZornMar 10, 2020 6:35 PM
1.5K Comments
Quote from AndrewinMD View quoted comment :
My guess is that extra money is points, not true closing costs. I'm miffed because I just did a refi last year down to 3.25%, but if I had waited, I probably could get 3%. I need at least 0.5% to make it worthwhile, and 2.75% seems very unlikely on a 30 year.
Yeah I have seen people get 2.75% on 15 year but can't recall seeing that low on a 30.
Mar 10, 2020 6:36 PM
4.3K Comments
Joined Jun 2010
alMacMar 10, 2020 6:36 PM
4.3K Comments
Quote from huge View quoted comment :
Rocket did not match for me
Thank you! How did their rates compare to others and did you have to give your SS# to get initial rates?

On their site, they want everything and says will do hard pull to get me a quote. I am not sure I am up for that when I do not know what rates i am to get.
Mar 10, 2020 6:39 PM
1.5K Comments
Joined Sep 2005
ZornMar 10, 2020 6:39 PM
1.5K Comments
Quote from alMac View quoted comment :
Thank you! How did their rates compare to others and did you have to give your SS# to get initial rates?

On their site, they want everything and says will do hard pull to get me a quote. I am not sure I am up for that when I do not know what rates i am to get.
I looked at Rocket because they also had a $2,500 credit offer with Amex. Their rates were stupid high. Talking 1.5-1.75% higher than everyone else, and unlike Better they don't match at all. Other lenders I mentioned them to immediately said their rates are known to always be higher because of their significant advertising and promotions.

Edit: They talk a big game though like they will save you tons of money. I made the mistake of letting them do a credit pull before they quoted me their ridiculous inflated rates.

Sign up for a Slickdeals account to remove this ad.

Pro
Mar 10, 2020 6:41 PM
5.1K Comments
Joined Jun 2008
AndrewinMD
Pro
Mar 10, 2020 6:41 PM
5.1K Comments
Quote from huge View quoted comment :
3% for 30 year is possible for some types of loans. I think maybe FHA or below 635k

Even though rates have been dropping, they are not giving us lower rates because of supply and demand. The demand is crazy right now
I read an article earlier today which mentioned that rates drop very slowly but can rocket up by 1% in a day. I've seen it often enough. The lenders do it because they can, but right now no one has to drop rates any lower because everyone is scrambling to take advantage. Gas prices operate the same way at the pump in response to oil price changes...slow drop, slow drop, BAM -- 30 cents higher overnight.
Mar 10, 2020 6:43 PM
4.3K Comments
Joined Jun 2010
alMacMar 10, 2020 6:43 PM
4.3K Comments
Quote from Zorn View quoted comment :
I looked at Rocket because they also had a $2,500 credit offer with Amex. Their rates were stupid high. Talking 1.5-1.75% higher than everyone else, and unlike Better they don't match at all. Other lenders I mentioned them to immediately said their rates are known to always be higher because of their significant advertising and promotions.

Edit: They talk a big game though like they will save you tons of money. I made the mistake of letting them do a credit pull before they quoted me their ridiculous inflated rates.
Thats what i am reading as well. Thanks for confirming. Is that true that they need SS# and hard pull just to get a quote?
Mar 10, 2020 6:43 PM
5.1K Comments
Joined Aug 2006
hugeMar 10, 2020 6:43 PM
5.1K Comments
Quote from alMac View quoted comment :
Thank you! How did their rates compare to others and did you have to give your SS# to get initial rates?

On their site, they want everything and says will do hard pull to get me a quote. I am not sure I am up for that when I do not know what rates i am to get.

They wanted all my info and I think ran my credit and DID NOT even match. Don't waste your time with Rocket. This should be in sticky
Mar 10, 2020 6:44 PM
4.3K Comments
Joined Jun 2010
alMacMar 10, 2020 6:44 PM
4.3K Comments
Quote from huge View quoted comment :
They wanted all my info and I think ran my credit and DID NOT even match. Don't waste your time with Rocket. This should be in sticky
Thanks bud.
Mar 10, 2020 6:44 PM
1.9K Comments
Joined Dec 2011
summi99Mar 10, 2020 6:44 PM
1.9K Comments
Quote from Kapazza View quoted comment :
Has anyone who has closed AFTER February 12th received their credit yet?
I closed on FEB 28th, still waiting for amex credit
Mar 10, 2020 6:45 PM
1.5K Comments
Joined Sep 2005
ZornMar 10, 2020 6:45 PM
1.5K Comments
Quote from alMac View quoted comment :
Thats what i am reading as well. Thanks for confirming. Is that true that they need SS# and hard pull just to get a quote?
Yes they require this, for no particularly good reason. Other lenders can quote you without a hard credit pull.

Quote from huge View quoted comment :
They wanted all my info and I think ran my credit and DID NOT even match. Don't waste your time with Rocket. This should be in sticky
Agreed
Mar 10, 2020 7:01 PM
356 Comments
Joined May 2005
KrustyVTMar 10, 2020 7:01 PM
356 Comments
If your circumstances fit these parameters, quit messing around with Better or Rocket or any of the other places - and use owning.com [owning.com]. Current rates for California properties only:

Conforming (up to $510,400) - 15 year 2.875%, 30 year 3.375%
Super Conforming (up to $765,600) - 15 year 2.99%, 30 year 3.375%

No closing costs on any loan - they are credited and paid by the lender, not rolled into your loan.

I refinanced with them back in December, and closed in 14 days. Note that these rates are up a bit today - on Friday it was 3.25% on the 30 year fixed options. Be aware that they will sell your loan as soon as you close - but there's no real hassle there.
Last edited by KrustyVT March 10, 2020 at 12:12 PM.

Sign up for a Slickdeals account to remove this ad.

Mar 10, 2020 7:04 PM
1.6K Comments
Joined Nov 2012
tomeaineMar 10, 2020 7:04 PM
1.6K Comments
Quote from Zorn View quoted comment :
Yeah I have seen people get 2.75% on 15 year but can't recall seeing that low on a 30.
local broker RMS (service many east coast states https://rmsmortgage.com/pages/states-licensed) quoted me yesterday 2.875 for 30yr. Closing costs are crazy however est 6k LMAO

Join The Conversation

Share your experience with the Slickdeals community

Share information with the community. Please follow our Community Guidelines and be kind!

Related Searches

FinanceCredit CardsAmerican Express Giftcards