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 1,321,758 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.

Apr 5, 2020
281 Posts
Joined Mar 2010
Apr 5, 2020
hungiema
Apr 5, 2020
281 Posts
Quote from penguincatcher :
I'm confident it will, i'm sure they were/are slammed thats why its taking longer. The rates went up because lenders had too many applications. So I'm betting the credit is taking longer due to the number of applications as well.
i hope you're right!! they did say 8-12 weeks too, so im not giving up yet
Apr 5, 2020
1,067 Posts
Joined Sep 2007
Apr 5, 2020
muss2k1
Apr 5, 2020
1,067 Posts
Quote from tromboneboss :
I wanted to update everyone on my poor experience with my Better.com agent named Sean Ritter. As soon as I sent him an offer to beat, he stopped communicating for a week.
After a week of no response to any of my emails, I started calling his office and leaving messages with other people. After the third call in three days he finally started emailing me again. Here's how everything unfolded for me:

First he claimed that the form I sent him was not the proper loan estimate form so he couldn't match. So I emailed him back the correct loan estimate as he asked.

Then he said that he couldn't match the offer since my refinance was only for 110k. They deal primarily with mortgages in the 300-600k range. In the Midwest that is more then most homes sell for. So since he refused to beat the quote I asked for the $1000 guarantee.

Then he claimed that a credit union refinance is not a public offer since you have to be a member and put $5 in a savings account. He blamed it on his legal department. I immediately wrote him back and asked his legal department to review. This credit union is open to anyone that resides in the 5 counties of SE Michigan. It's not any kind of closed club.

Two minutes later he responds that he has seen this issue with my credit union before and the legal department will not make an exception for me. I honestly find it hard to believe that a banker in New York has any idea about my local credit union, or that he checked with any "legal department" that fast.

So clearly my experience with Better.com was a pure bait and switch scam. I filed a complaint with Amex and I sent a complaint to the Michigan Department of Insurance and Financial services. They already asked for a copy of my emails with Better and they said it appears to be a violation of the Michigan Consumer Mortgage Protection Act. I hope everyone else has better luck dealing with these guys but be careful. If you find a good credit union rate, they will probably give you a hard time. Also if you live in the middle of the country with a smaller mortgage balance, they will probably give you a hard time.
Sean Ritter was my agent as well. honestly all i needed him for was beating the loan. Once i was happy with the numbers, i got transferred to someone in underwriting and she's been great. she's the one doing all of the work and has been pretty responsive. i close on apr 20 and happy to answer any questions!
Apr 5, 2020
1,446 Posts
Joined Jul 2008
Apr 5, 2020
svinokot
Apr 5, 2020
1,446 Posts
Can somebody who is finished with refinance tell who took your last four digits of an Amex card at the end of the closing process? Is it the concierge (hope not), people in underwriting or somebody else? When exactly in the process does it happen (so I don't miss it)?
Last edited by svinokot April 5, 2020 at 12:20 PM.
Apr 5, 2020
211 Posts
Joined Dec 2006
Apr 5, 2020
volkl23
Apr 5, 2020
211 Posts
Quote from svinokot :
Can somebody who is finished with refinance tell who took your last four digits of an Amex card at the end of the closing process? Is it the concierge (hope not), people in underwriting or somebody else? When exactly in the process does it happen (so I don't miss it)?
When I went through the process, it was the closing associate who asked and submitted the last 4 digits of my AMEX Card.

After they scheduled my closing appointment, they sent another task shortly after for the AMEX Card.
Apr 5, 2020
1,446 Posts
Joined Jul 2008
Apr 5, 2020
svinokot
Apr 5, 2020
1,446 Posts
Quote from volkl23 :
When I went through the process, it was the closing associate who asked and submitted the last 4 digits of my AMEX Card.

After they scheduled my closing appointment, they sent another task shortly after for the AMEX Card.
Thanks.
Apr 5, 2020
2,021 Posts
Joined Feb 2008
Apr 5, 2020
stm69
Apr 5, 2020
2,021 Posts
Quote from Rhizzlebop :
Hoping rates fall this week or next. Looking for a 3 or 2.875% on 200k on a 20,25, or 30 year. Home value 275k. Currently I'm at 3.75% with $56 in pmi so between dropping rate and pmi I think I can keep same payment and drop the term to 20 yrs cutting 5 years+ off my payments. Ideally low closed g costs so I can put a little Amex money in my pocket. Thoughts?
I would temper expectations. Given that loan amount, not likely you'll get the rates you want. Certainly won't with better, it will require a pricematch elsewhere.
Apr 5, 2020
2,021 Posts
Joined Feb 2008
Apr 5, 2020
stm69
Apr 5, 2020
2,021 Posts
Quote from Greenworld123 :
Statement credit; therefore, would not receive a 1099. I will ask for a refund check once it hits from Amex since I keep a zero balance.
Did anyone who refi'd last year end up getting a 1099 for the statement credit on this year's taxes?

Sign up for a Slickdeals account to remove this ad.

Apr 5, 2020
1,510 Posts
Joined Aug 2009
Apr 5, 2020
coolmann
Apr 5, 2020
1,510 Posts
Quote from rwerns21 :
I was told by better you can do it again.
I would like to know this too! I will ask them tomorrow. Because in the next couple of month rates could drop to below 3%.

By the way, Better uses the St. Louis Fed for calculating their down floats, in case anyone is interested:

https://fred.stlouisfed.org/series/MORTGAGE30US
Apr 5, 2020
2,504 Posts
Joined Mar 2008
Apr 5, 2020
isekii
Apr 5, 2020
2,504 Posts
Quote from svinokot :
Can somebody who is finished with refinance tell who took your last four digits of an Amex card at the end of the closing process? Is it the concierge (hope not), people in underwriting or somebody else? When exactly in the process does it happen (so I don't miss it)?
It shows up as a task. You just provide the last 4 or 5 digits
Apr 6, 2020
2,581 Posts
Joined Feb 2008
Apr 6, 2020
LeaninBack916
Apr 6, 2020
2,581 Posts
Quote from tromboneboss :
I wanted to update everyone on my poor experience with my Better.com agent named Sean Ritter. As soon as I sent him an offer to beat, he stopped communicating for a week.
After a week of no response to any of my emails, I started calling his office and leaving messages with other people. After the third call in three days he finally started emailing me again. Here's how everything unfolded for me:

First he claimed that the form I sent him was not the proper loan estimate form so he couldn't match. So I emailed him back the correct loan estimate as he asked.

Then he said that he couldn't match the offer since my refinance was only for 110k. They deal primarily with mortgages in the 300-600k range. In the Midwest that is more then most homes sell for. So since he refused to beat the quote I asked for the $1000 guarantee.

Then he claimed that a credit union refinance is not a public offer since you have to be a member and put $5 in a savings account. He blamed it on his legal department. I immediately wrote him back and asked his legal department to review. This credit union is open to anyone that resides in the 5 counties of SE Michigan. It's not any kind of closed club.

Two minutes later he responds that he has seen this issue with my credit union before and the legal department will not make an exception for me. I honestly find it hard to believe that a banker in New York has any idea about my local credit union, or that he checked with any "legal department" that fast.

So clearly my experience with Better.com was a pure bait and switch scam. I filed a complaint with Amex and I sent a complaint to the Michigan Department of Insurance and Financial services. They already asked for a copy of my emails with Better and they said it appears to be a violation of the Michigan Consumer Mortgage Protection Act. I hope everyone else has better luck dealing with these guys but be careful. If you find a good credit union rate, they will probably give you a hard time. Also if you live in the middle of the country with a smaller mortgage balance, they will probably give you a hard time.
Also... Id take that CU offer and have a non-Better loan company offer it. Most places will. Then use that. They also told me the same thing and that's what I did. They are pretty slow overall so it makes sense they are dragging their feet. Good luck on your claim.
Apr 6, 2020
3,686 Posts
Joined Jul 2012
Apr 6, 2020
MilesHunter
Apr 6, 2020
3,686 Posts
HU for anyone who has locked in the past few weeks. Check your float down policy. FRED rates have dropped from 2 weeks ago and are now at a point where you can float your rate down lower.
Apr 6, 2020
207 Posts
Joined Nov 2011
Apr 6, 2020
BlakeK
Apr 6, 2020
207 Posts
Closed on 3/6 no credit yet anyone else in that time frame received it?
Apr 6, 2020
207 Posts
Joined Nov 2011
Apr 6, 2020
BlakeK
Apr 6, 2020
207 Posts
Quote from MilesHunter :
HU for anyone who has locked in the past few weeks. Check your float down policy. FRED rates have dropped from 2 weeks ago and are now at a point where you can float your rate down lower.

What do you mean? Locked last week 3.125 with 1800 lender credit
Apr 6, 2020
2,215 Posts
Joined Jun 2009
Apr 6, 2020
firefox15
Apr 6, 2020
2,215 Posts
AmEx offer link appears broken. Anyone have the working one?

Sign up for a Slickdeals account to remove this ad.

Apr 6, 2020
1,280 Posts
Joined Oct 2007
Apr 6, 2020
Nailer
Apr 6, 2020
1,280 Posts
Quote from firefox15 :
AmEx offer link appears broken. Anyone have the working one?
try this

Code:
https://www.americanexpress.com/us/campaigns/loans/better/?intlink=USCS-BetterHomeLending-OfferHub2
Last edited by Nailer April 6, 2020 at 06:42 AM.

Leave a Comment

Unregistered (You)

Popular Deals

View All

Trending Deals

View All