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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:

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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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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May 14, 2020
985 Posts
Joined Jul 2006
May 14, 2020
kazaa916
May 14, 2020
985 Posts
How do you know if they sold your loan? Right after closing I was able to set up account on money source website and they said auto pay would be blocked for the time being in case my loan is sold but now it is allowing auto pay setup. Does that mean they aren't selling the loan or they sold it to Fannie Mae and it's going to stay serviced by the money source?
May 14, 2020
3,308 Posts
Joined Jun 2004
May 14, 2020
strange_kiddo
May 14, 2020
3,308 Posts
Quote from kazaa916 :
How do you know if they sold your loan? Right after closing I was able to set up account on money source website and they said auto pay would be blocked for the time being in case my loan is sold but now it is allowing auto pay setup. Does that mean they aren't selling the loan or they sold it to Fannie Mae and it's going to stay serviced by the money source?
You'll get a letter from original company letting you know and also one from the new company with new payment slips.
May 14, 2020
1,005 Posts
Joined Mar 2019
May 14, 2020
CycloneFW
May 14, 2020
1,005 Posts
Quote from kazaa916 :
How do you know if they sold your loan? Right after closing I was able to set up account on money source website and they said auto pay would be blocked for the time being in case my loan is sold but now it is allowing auto pay setup. Does that mean they aren't selling the loan or they sold it to Fannie Mae and it's going to stay serviced by the money source?
How soon is "right after"? Like same day? Or closer to when funding/dispersement happened?

Edit to clarify: I'm referring to when the loan can be seen at The Money Source's website
Last edited by CycloneFW May 13, 2020 at 10:41 PM.
May 14, 2020
2,021 Posts
Joined Feb 2008
May 14, 2020
stm69
May 14, 2020
2,021 Posts
More like 1-2 payments after, it's not that soon. Mortgage processors likely do talk to investors before hand, but there is the whole right of rescission clause.
May 14, 2020
1,005 Posts
Joined Mar 2019
May 14, 2020
CycloneFW
May 14, 2020
1,005 Posts
Quote from stm69 :
More like 1-2 payments after, it's not that soon. Mortgage processors likely do talk to investors before hand, but there is the whole right of rescission clause.
Whoops. I meant for seeing the loan at the servicer. I've updated the post to mention that explicitly.
May 14, 2020
6,133 Posts
Joined Jun 2005
May 14, 2020
PhantasmX
May 14, 2020
6,133 Posts
Quote from CycloneFW :
How soon is "right after"? Like same day? Or closer to when funding/dispersement happened?

Edit to clarify: I'm referring to when the loan can be seen at The Money Source's website
Mr. Cooper is your most likely final destination.
May 14, 2020
985 Posts
Joined Jul 2006
May 14, 2020
kazaa916
May 14, 2020
985 Posts
Quote from CycloneFW :
How soon is "right after"? Like same day? Or closer to when funding/dispersement happened?

Edit to clarify: I'm referring to when the loan can be seen at The Money Source's website
I signed closing documents on a Friday, funded that Monday, and was able to create an account and see my loan information on the money source website on Tuesday.

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May 14, 2020
707 Posts
Joined Dec 2013
May 14, 2020
duasto
May 14, 2020
707 Posts
Quote from kazaa916 :
I signed closing documents on a Friday, funded that Monday, and was able to create an account and see my loan information on the money source website on Tuesday.
Did you get an email/letter? My timeline almost same as yours but havent heard anything sinnce funding last tuesday
May 14, 2020
985 Posts
Joined Jul 2006
May 14, 2020
kazaa916
May 14, 2020
985 Posts
Quote from duasto :
Did you get an email/letter? My timeline almost same as yours but havent heard anything sinnce funding last tuesday
Better emailed me my loan number and gave me a link to TMS to setup an account.
May 14, 2020
707 Posts
Joined Dec 2013
May 14, 2020
duasto
May 14, 2020
707 Posts
Quote from kazaa916 :
Better emailed me my loan number and gave me a link to TMS to setup an account.
I see, i closed last thursday and gor funded tuesday. Better emailed me that TMS will handle my loan and ask to wait for the email.

Im in no rush setting up auto payments because my 1st payment is july 1st. Also i dont like setting up auto pay right away because your servicer could change on first few months
May 14, 2020
69 Posts
Joined Dec 2009
May 14, 2020
dealshunter09
May 14, 2020
69 Posts
Has anyone gotten the amex credit twice? Can same card be used
May 14, 2020
3,275 Posts
Joined Feb 2014
May 14, 2020
iuku
May 14, 2020
3,275 Posts
Quote from dealshunter09 :
Has anyone gotten the amex credit twice? Can same card be used
I have been told by the coordinator that you are eligible to get multiple credits using same amex account.
May 14, 2020
606 Posts
Joined Dec 2013
May 14, 2020
cdancer20
May 14, 2020
606 Posts
Quote from duasto :
I think you might be confused with Appraisal FEE waived because of AMEX promotion .... They determine if the Actual Appraisal is waive when they input your data in my case(Fannie Mae too) after they approve you. Then there will be a task to confirm if you really want to waive it.

I'm not sure if you can ask them to re-input it if it's big deal for you. Mine is a big deal because I'm close to 80% LTV and it determines if I'm going to need a PMI which is a deal breaker for me. So I tried not to risk it with the actual appraisal.

Btw, You can review your completed tasks. So I will suggest to check that if you agreed to waived it already.
Thanks but I am not confused. I did check my tasks yesterday and I think that since they changed it from being waived that task was removed. In the beginning, 3 weeks ago, I was told that I did not need an appraisal due to them putting the data through a system. It wasn't until they went into actual underwriting that now they want to get an appraisal. Of course it means that it's pushing back my closing even further. I am now at 21 days since I locked my rate.

Also, we are trying to get past 20% to remove PMI as well. I paid down to exactly 20% of what we bought for less than 2 years ago. The market has gone up and even their internal estimate of the house has us at 30% down. It could be that they want to verify that it's actually over 20% which is fine. I'm just pissed because they literally waited until the end to order it! I feel like I don't have the best team. I don't get replies to emails or if I do, it either 1) comes literally at the end of the agent's shift so any reply I make won't be seen until the next day or 2) when I email the system magically moves to the next step.
Last edited by cdancer20 May 14, 2020 at 06:25 AM.
May 14, 2020
69 Posts
Joined Dec 2009
May 14, 2020
dealshunter09
May 14, 2020
69 Posts
How long after moving to closing phase do you get to pick the closing date

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May 14, 2020
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May 14, 2020
CycloneFW
May 14, 2020
1,005 Posts
Quote from dealshunter09 :
How long after moving to closing phase do you get to pick the closing date
Once you accept the Initial Closing Disclosures, you can immediately pick your closing date.

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