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Greenworld123 1.4M Views
Dec 8, 2019 2:27 PM

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

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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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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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9.8K Comments

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May 1, 2020 3:52 PM
182 Comments
Joined Aug 2006
CliqMay 1, 2020 3:52 PM
182 Comments
For AMEX credit:

The $2,500 Credit Statement is provided 8-12 weeks from the date your loan has funded. As you approach Closing, there will be an activity added to your application to input the last 5 digits of your AMEX personal consumer card. We relay it to AMEX who confirms the card. The Credit Statement is provided onto that credit card within that time frame.
May 1, 2020 3:54 PM
1.9K Comments
Joined Feb 2006
indymaleMay 1, 2020 3:54 PM
1.9K Comments
Quote from turbunatorcf View quoted comment :
I am getting 2.5 for 15yr fixed with loan amount of 620K. Better won't match or beat. I will bite the bullet. Looks like a good deal with enough lender credit to cover all of my costs (including escrow)
Who is this lender? Seems very cheap.
May 1, 2020 3:55 PM
664 Comments
Joined Sep 2005
jumper21987May 1, 2020 3:55 PM
664 Comments
Quote from unlimitedx View quoted comment :
at what point in the process do you use your amex credit card so it knows to credit the account $2500? did you receive the amex offer or just went to https://better.com/with/amex directly? did u pay the fees on the amex card? what if no points and no fees refi?
So I went through the link in the wiki for the offer on better.com. I did not have it on my account when I logged on.

The Delta platinum card has a $250 yearly fee (was already charged) but comes with a free flight every year and a bonus for spending 3k so I felt it was worth it.

The amex card covered the appraisal cost as well I believe. My out of pocket expenses were pretty low. Also, if you get no points and no fees, you still pocket the $2500. It gets credited to your account.
May 1, 2020 4:07 PM
49 Comments
Joined Apr 2006
sabru2002May 1, 2020 4:07 PM
49 Comments
How soon one can refinance? I refinanced with this deal 3 months ago at 3.125 for 15. I did made money with lender credit and cashback. Can I refinance and get one more cashback.
May 1, 2020 4:36 PM
554 Comments
Joined Jan 2013
hello3232May 1, 2020 4:36 PM
554 Comments
Quote from jumper21987 View quoted comment :
So I went through the link in the wiki for the offer on better.com. I did not have it on my account when I logged on.

The Delta platinum card has a $250 yearly fee (was already charged) but comes with a free flight every year and a bonus for spending 3k so I felt it was worth it.

The amex card covered the appraisal cost as well I believe. My out of pocket expenses were pretty low. Also, if you get no points and no fees, you still pocket the $2500. It gets credited to your account.
What was your time between funded and the credit posting? I went through to the website and haven't gotten my credit yet, 10 weeks after closed/funded
May 1, 2020 4:51 PM
7.1K Comments
Joined Dec 2008
unlimitedxMay 1, 2020 4:51 PM
7.1K Comments
How are you guys finding places to match rates? Looking for no points no fees 30 year refi at 3.125...
May 1, 2020 5:07 PM
384 Comments
Joined Mar 2007
insanezer0xMay 1, 2020 5:07 PM
384 Comments
Quote from sabru2002 View quoted comment :
How soon one can refinance? I refinanced with this deal 3 months ago at 3.125 for 15. I did made money with lender credit and cashback. Can I refinance and get one more cashback.
1 per credit card I dunno if you can do with another amex

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May 1, 2020 5:22 PM
2.2K Comments
Joined Jun 2009
firefox15May 1, 2020 5:22 PM
2.2K Comments
Better isn't able to meet or beat my other LEs. It isn't even close. I know I've posted about this before, but they just don't match up well when you have a small loan amount. I sent them a 15 year with zero points at 2.375%, and they countered with 2.5% with over 2 points. It's annoying because when you factor in the $2,500 credit, both of them are very similar, but I'm definitely not getting the killer deals others are getting here.
May 1, 2020 5:40 PM
664 Comments
Joined Sep 2005
jumper21987May 1, 2020 5:40 PM
664 Comments
Quote from hello3232 View quoted comment :
What was your time between funded and the credit posting? I went through to the website and haven't gotten my credit yet, 10 weeks after closed/funded
Mine funded March 18th and the credit posted last week. Took about 5 weeks. I'd reach out to better or AMEX.
May 1, 2020 6:03 PM
6.7K Comments
Joined Dec 2010
blukingMay 1, 2020 6:03 PM
6.7K Comments
Quote from unlimitedx View quoted comment :
How are you guys finding places to match rates? Looking for no points no fees 30 year refi at 3.125...
i posted a CU link above, give it a shot to see what rates you are getting. you should be able to generate a pdf from the link and send it to better if you are satisfied with the rates.
May 1, 2020 6:09 PM
7.1K Comments
Joined Dec 2008
unlimitedxMay 1, 2020 6:09 PM
7.1K Comments
Quote from bluking View quoted comment :
i posted a CU link above, give it a shot to see what rates you are getting. you should be able to generate a pdf from the link and send it to better if you are satisfied with the rates.
Thanks I'll give that a try! How far do we need to go in the process with the CU in order for them to match the rate? far enough to get the pre-approval PDF
May 1, 2020 6:19 PM
293 Comments
Joined Mar 2010
hungiemaMay 1, 2020 6:19 PM
293 Comments
Quote from insanezer0x View quoted comment :
1 per credit card I dunno if you can do with another amex
where did you get that info from? im about to close with my second refinance, but i havent given them a cc number yet. should i apply a new card right away?
May 1, 2020 6:38 PM
1K Comments
Joined Mar 2019
CycloneFWMay 1, 2020 6:38 PM
1K Comments
Quote from firefox15 View quoted comment :
Better isn't able to meet or beat my other LEs. It isn't even close. I know I've posted about this before, but they just don't match up well when you have a small loan amount. I sent them a 15 year with zero points at 2.375%, and they countered with 2.5% with over 2 points. It's annoying because when you factor in the $2,500 credit, both of them are very similar, but I'm definitely not getting the killer deals others are getting here.
I've noticed the same thing. And there is a interest penalty if you do a cash-out refi, so it isn't worth it (on my loan) to take out a larger month and then make a massive first or second payment.
May 1, 2020 6:42 PM
2.2K Comments
Joined Jun 2009
firefox15May 1, 2020 6:42 PM
2.2K Comments
Quote from CycloneFW View quoted comment :
I've noticed the same thing. And there is a interest penalty if you do a cash-out refi, so it isn't worth it (on my loan) to take out a larger month and then make a massive first or second payment.
Ahh, thanks for letting me know. I was actually considering something like that! Since I have a pretty good LTV, I could just take a massive amount out and immediately repay it, but that sounds like a dead-end too.

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May 1, 2020 6:43 PM
2K Comments
Joined Nov 2007
RhizzlebopMay 1, 2020 6:43 PM
2K Comments
Quote from SDRebel View quoted comment :
Not sure, but let us know what you find out. Keep in mind that everything is different for an investment property. You might not be able to get anything better than what you already have.
Not really sure how to find out. I have no recordable income right now since I started a small business in January that was barely off the ground before this issue hit. I have assets to more than cover the rental mortgage and it's been rented for 4 straight years turning a profit.
But if I have zero income I'm not sure I can refi it.

Further it was not a rental when I got 3.75% for 15 yrs. It seems like 2.75 is happening for primary 15 yrs. dunno if the rental rate penalty is a full percent, a half, etc. credit is still 800 after all the recent mortgage hits

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