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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
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Must have an amex to add offer to your account. Details:

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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.
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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.

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9,848 Comments

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Apr 28, 2020
264 Posts
Joined Dec 2004
Apr 28, 2020
robdls
Apr 28, 2020
264 Posts
Quote from dealmaestro10 :
Better matched the rate, but they are charging me for points in the new loan estimate they sent. I sent them my loan estimate which had zero points and zero closing costs, not sure if someone will call to fix that or should I reach back out.
I've seen this when they try to match. Once I saw this I contacted the concierge and asked if they were going to match and they said they could not and if I go with other lender I will get $1000 after sending closing docs.
Apr 28, 2020
188 Posts
Joined Oct 2010
Apr 28, 2020
snapcoyote
Apr 28, 2020
188 Posts
Quote from sd72986 :
If you are already at no cost without the credit, I would lower to 3.0% with no points as it should, hopefully, also be no cost if you count the $2500 statement credit.
I've considered that option but it would end up costing me a few hundred dollars on top of the $2500 statement credit to go to 3.0%. I figured I'd rather keep the credit since I'm not sure how long I would be staying in my current home. I could always refinance again down the road if it drops even lower.
Apr 28, 2020
20 Posts
Joined Dec 2017
Apr 28, 2020
gofarhaveacigar
Apr 28, 2020
20 Posts
Haven't seen a definitive answer tooth's but figured I'd ask for the 10th time in the thread - Any info on a 2nd refinance with the same offer?

Wife and I closed a few months ago nd got the credit, with me as the "primary" borrower - any chance we can refi again and get the credit, with her as the primary? Have plenty of amex cards to spread the offer around to.
Apr 28, 2020
1,279 Posts
Joined May 2007
Apr 28, 2020
ncsgsydn
Apr 28, 2020
1,279 Posts
Quote from bluking :
Struggling to see rates below 3 for a 15 yr here in ct...wonder what im doing wrong. From what i have read i should be able to get rates far below that for a 15 year.
I think the lower interest rate was from last month
Apr 28, 2020
10,725 Posts
Joined Nov 2010
Apr 28, 2020
youra6
Apr 28, 2020
10,725 Posts
Quote from robdls :
I've seen this when they try to match. Once I saw this I contacted the concierge and asked if they were going to match and they said they could not and if I go with other lender I will get $1000 after sending closing docs.
You will need to hound them for it, the concierge person I worked with told me he would "Send my docs over the the correct dept" and then radio silence for 3 weeks. Never responded to any of my emails. I had to call them 2-3 times for them to even acknowledge that I was entitled to 1K per their own policy.

Still no check yet and it's been over a month and a half. No updates either.
Apr 28, 2020
351 Posts
Joined Aug 2013
Apr 28, 2020
Alex8919
Apr 28, 2020
351 Posts
Quote from SomeXYZ :
When did you pay closing costs? like escrow or others
I will sign all documents tomorrow. They have already given me wiring instructions. I will do it online .
Apr 28, 2020
2,502 Posts
Joined Mar 2008
Apr 28, 2020
isekii
Apr 28, 2020
2,502 Posts
Quote from snapcoyote :
They matched another offer I got and was able to beat it by another $1000. It was a regular size loan.
Who did you have better match ?

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Apr 28, 2020
1,960 Posts
Joined Nov 2007
Apr 28, 2020
Rhizzlebop
Apr 28, 2020
1,960 Posts
Quote from bluking :
Can i ask which lender you used to match better? 2.5 with no points on a 15 yr?

I'm at 3.25% for 30. On $200k. 800+ credit. It was through cardinal fiancé which was actually applied through Sebonic.
They are the only ones who sent me a couple LE without a bunch of hassle and grief.
Last edited by Rhizzlebop April 27, 2020 at 07:42 PM.
Apr 28, 2020
1,960 Posts
Joined Nov 2007
Apr 28, 2020
Rhizzlebop
Apr 28, 2020
1,960 Posts
Quote from bluking :
Can i ask which lender you used to match better? 2.5 with no points on a 15 yr?
Quote from robdls :
If you close early May you will have the following:
1) May payment to your current lender
2) Prepaid Interest for XX days from closing to end of May or lock expiration (must close before then)
3) No June Payment

If you close end of April you will have the following:
1) Prepaid Interest for XX days from closing to end of April (lower number of days)
2) No May Payment

If your goal is to hold on to the most money then closing end of April is my advice.
Better actually sent me a "task" to acknowledge that I would not make a May payment. So I cancelled the auto pay for that. Early May close would mean no May and no June payment I think

As for daily interest maybe I'm missing something but I'm gonna pay interest every day to someone regardless and right now in this pandemic situation more cash in hand is better until things smooth out.
Apr 28, 2020
662 Posts
Joined Sep 2005
Apr 28, 2020
jumper21987
Apr 28, 2020
662 Posts
Quote from ajoseph14 :
i don't have an amex. Which card did you apply for? Does it matter which one I get? Do I have to have the card in possession before I apply on the better.com link?
I got the Skymiles platinum. Had a good bonus. I waited for the card to come before applying on better.

Quote from avatar13 :
Ok good to know. I would like to apply been a card member for 20 years but don't have the offer listed. I called Amex to see if they could see it in my account but they had no idea what offer i was referring to and suggested I contact Better. If you had luck by applying though the link I will do the same. What rate did you get? Did you shop around for a lower rate to get the extra $1k match? What were your closing costs like?
I did shop around. I had a local vendor submit a quote that was slightly better. Better matched it no problem. I got a 3.5% for a 30 year. After lender credits, my closing costs were under $100.
Apr 28, 2020
10,725 Posts
Joined Nov 2010
Apr 28, 2020
youra6
Apr 28, 2020
10,725 Posts
Quote from jumper21987 :
I got the Skymiles platinum. Had a good bonus. I waited for the card to come before applying on better.



I did shop around. I had a local vendor submit a quote that was slightly better. Better matched it no problem. I got a 3.5% for a 30 year. After lender credits, my closing costs were under $100.
May I ask what your closing costs would have been if you didn't have lender credits (including the Amex one)?
Apr 28, 2020
662 Posts
Joined Sep 2005
Apr 28, 2020
jumper21987
Apr 28, 2020
662 Posts
Quote from youra6 :
May I ask what your closing costs would have been if you didn't have lender credits (including the Amex one)?
I want to say it was around $1700
Apr 28, 2020
10,725 Posts
Joined Nov 2010
Apr 28, 2020
youra6
Apr 28, 2020
10,725 Posts
Quote from jumper21987 :
I want to say it was around $1700
Ah that's cheap may I ask how much your loan was (sorry forgot to ask initially)? My loan was 540K which is a non conforming loan but less than Jumbo and mine was around 4.3K. I'm in the Denver area.
Apr 28, 2020
3,275 Posts
Joined Feb 2014
Apr 28, 2020
iuku
Apr 28, 2020
3,275 Posts
Any one here shopped for title insurance and settlement fees? Any recommendations?

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Apr 29, 2020
947 Posts
Joined Aug 2008
Apr 29, 2020
zagguru
Apr 29, 2020
947 Posts
Have original 30 year fixed mortgage with Wells taken out in 2011 for 4.5%.
Also have HELOC taken out the same year.

Refinancing the mortgage to 15 year with Wells and was able to lock for 2.75% and 3/8th points (120 day lock) APR 2.914. I did shopping around and no one was really able to do better on rate or closing fees. I figured the CEMA would also be easier if doing it with the same bank

Since property is in NY, we will be doing a CEMA.

Closing costs are high though - but at least it was all rolled in

$1500 for Title and attorney (after shopping around for it)
$1000 for "loan processing" - this is bogus but they would not waive it
$1339 for the 3/8 points
$2800 for the recording fees
$625 appraisal and credit fee
Upset that i was not able to include the HELOC in this loan, since Wells stopped doing cash out refi - but i was really happy with the refi rate and didnt want to take any chances of losing out on this for the primary mortgage.

If anyone has any thoughts or suggestions on the above, please do let me know!

Should I see if Better.com would match or beat?

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