Slickdeals is community-supported.  We may get paid by brands for deals, including promoted items.
Heads up, this deal has expired. Want to create a deal alert for this item?
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
9,848 Comments 1,322,896 Views
Visit Retailer
Good Deal
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

Leave a Comment

Unregistered (You)

9,848 Comments

Sign up for a Slickdeals account to remove this ad.

Mar 30, 2020
1,960 Posts
Joined Nov 2007
Mar 30, 2020
Rhizzlebop
Mar 30, 2020
1,960 Posts
Quote from dcrosb1 :
Does anyone know how long you need to wait in order to do a second refinance through better.com? I was thinking if rates keep dropping I may try to get another one in before the promo expires in October.
Serious question, why do we think one can do this amex promo more than one time?
Mar 30, 2020
3,378 Posts
Joined Jun 2008
Mar 30, 2020
heyeaglefn
Mar 30, 2020
3,378 Posts
Quote from Rhizzlebop :
Serious question, why do we think one can do this amex promo more than one time?
Many people have it on different cards, not sure the terms say you can't do it if you already did it.
Mar 30, 2020
15 Posts
Joined Dec 2011
Mar 30, 2020
dcrosb1
Mar 30, 2020
15 Posts
Quote from Rhizzlebop :
Serious question, why do we think one can do this amex promo more than one time?
I don't see anywhere in the terms stating it's only once per person but either way I could just apply the statement credit to a card my wife has.
Mar 30, 2020
2,021 Posts
Joined Feb 2008
Mar 30, 2020
stm69
Mar 30, 2020
2,021 Posts
Quote from Rhizzlebop :
Serious question, why do we think one can do this amex promo more than one time?
I confirmed it with my rep - there's no limit and no minimum time to churn loan.
Mar 30, 2020
866 Posts
Joined Aug 2006
Mar 30, 2020
SmellyCat
Mar 30, 2020
866 Posts
locked in 2.5 on a 15yr , 11 months to break even. saving 60K in interest over the next 15 yrs.
my best SD yet. except now i'm going to drop 2K on an espresso machine Big Grin
Mar 30, 2020
6,133 Posts
Joined Jun 2005
Mar 30, 2020
PhantasmX
Mar 30, 2020
6,133 Posts
The rates are creeping back up. Anyone find rates below 3% for 30 year fixed?
Mar 30, 2020
1,970 Posts
Joined Aug 2010
Mar 30, 2020
Debit2Cash
Mar 30, 2020
1,970 Posts
Quote from PhantasmX :
The rates are creeping back up. Anyone find rates below 3% for 30 year fixed?
No, my lowest was like 3.125, but I don't even consider than an option because it had 4500 in points so it was basically buying the rate down. The rates on Better.com don't seem very good at all.

Sign up for a Slickdeals account to remove this ad.

Mar 30, 2020
1 Posts
Joined Nov 2007
Mar 30, 2020
bsatyen
Mar 30, 2020
1 Posts
I was able to get 3.5% with 5K credits from better today
Mar 30, 2020
326 Posts
Joined Oct 2004
Mar 30, 2020
quikie
Mar 30, 2020
326 Posts
perfect. I got 2.5% 15 year with $2500 closing and $2500 statement credit. thanks guys
Mar 30, 2020
264 Posts
Joined Oct 2007
Mar 30, 2020
vickyloveslife
Mar 30, 2020
264 Posts
Are they giving 2.5 % for 15 years currently?
Mar 30, 2020
866 Posts
Joined Aug 2006
Mar 30, 2020
SmellyCat
Mar 30, 2020
866 Posts
Quote from vickyloveslife :
Are they giving 2.5 % for 15 years currently?
yes, w/points
Mar 30, 2020
264 Posts
Joined Oct 2007
Mar 30, 2020
vickyloveslife
Mar 30, 2020
264 Posts
does any one has a new link? existing one does not work.
Mar 30, 2020
1,818 Posts
Joined Apr 2004
Mar 30, 2020
jon2249
Mar 30, 2020
1,818 Posts
Quote from vickyloveslife :
does any one has a new link? existing one does not work.
https://better.com/with/amex

Serious Question, What does /w points mean?

https://www.refinancemortgagerate...ng-points/
Last edited by jon2249 March 30, 2020 at 03:45 PM.
Mar 30, 2020
263 Posts
Joined Apr 2009
Mar 30, 2020
jdavid
Mar 30, 2020
263 Posts
Waiting to hear back from Better if they will match the 2.875% rate I was offered from SoFi for a 30 year fixed refiance

Sign up for a Slickdeals account to remove this ad.

Mar 30, 2020
10,741 Posts
Joined Nov 2010
Mar 30, 2020
youra6
Mar 30, 2020
10,741 Posts
Quote from jon2249 :
https://better.com/with/amex

Serious Question, What does /w points mean?

https://www.refinancemortgagerate...ng-points/
It means you pay to buy down your interest rate. So let's say they give you 4% on a 100k loan, but give you an option to get 3.5%. Kicker is that it takes 2 points to do so. 2 points here refer to 2% of the loan (in this case is 2,000 dollars)

If your principal left is 100k, that means you have to pay 2K to buy down to 3.5% interest rate.

You need to do the math to figure out when you break even and recoup those 2K you spent on the lower interest rate. Let's pretend the 3.5 versus 4% you pay around 50 dollars less per month. It would take you over 3 years just to break even.

Now you have to ask yourself if it's worth it. If you plan on staying 10 years then maybe you take it. But if you plan on moving within 2, then no absolutely not.

Another option is that you can ask them to increase your loan amount to 102,000 to get to that 3.5% rate. So while you pay nothing upfront, you're paying for it in the extra interest for the remainder of the increased loan.

Hope this helps.
Last edited by youra6 March 30, 2020 at 04:02 PM.

Leave a Comment

Unregistered (You)

Popular Deals

View All

Trending Deals

View All