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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.
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.

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9,848 Comments

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May 14, 2020
69 Posts
Joined Dec 2009
May 14, 2020
dealshunter09
May 14, 2020
69 Posts
Quote from CycloneFW :
Once you accept the Initial Closing Disclosures, you can immediately pick your closing date.
Question is how long after closing do you get to accept initial closing disclosure? I got moved to closing on monday and still no closing disclosure
May 14, 2020
7,488 Posts
Joined Sep 2008
May 14, 2020
DogAndPony
May 14, 2020
7,488 Posts
Quote from CycloneFW :
Once you accept the Initial Closing Disclosures, you can immediately pick your closing date.
How far out can you make your closing date? 30 days?
May 14, 2020
1,005 Posts
Joined Mar 2019
May 14, 2020
CycloneFW
May 14, 2020
1,005 Posts
Quote from dealshunter09 :
Question is how long after closing do you get to accept initial closing disclosure? I got moved to closing on monday and still no closing disclosure
I think there is a mixup here.

Step 1. Everything to apply for your loan
Step 2. Processing / Underwriting your loan
Step 3. Loan approved, assigned a Closing Expert
Step 4. Receive Initial Closing Disclosures as a task item to review and accept
Step 5. When ICD accepted, assigned task to schedule closing. Closing must be at least 3 days away, excluding Sundays and Federal Holidays (Saturdays count though). For me, Friday acceptance meant Wednesday closing.
Step 6. Before closing, assigned task to review Closing Package
Step 7. When everything is verified and likely the day of closing or night before, provided Final Closing Disclosures to accept before closing.
Step 8. Provided cash-to-close instructions, such as wiring info

Hopefully that outline of the steps help
May 14, 2020
1,005 Posts
Joined Mar 2019
May 14, 2020
CycloneFW
May 14, 2020
1,005 Posts
Quote from DogAndPony :
How far out can you make your closing date? 30 days?
I don't recall how far out I could pick. I do know it defaulted to showing me 3 and 4 days out, but I don't recall if I could pick a date further out.
May 14, 2020
7,488 Posts
Joined Sep 2008
May 14, 2020
DogAndPony
May 14, 2020
7,488 Posts
Quote from CycloneFW :
I don't recall how far out I could pick. I do know it defaulted to showing me 3 and 4 days out, but I don't recall if I could pick a date further out.
Okay, thanks. I am one of the few in this thread looking for a new purchase, I guess.
May 14, 2020
1,005 Posts
Joined Mar 2019
May 14, 2020
CycloneFW
May 14, 2020
1,005 Posts
Quote from DogAndPony :
Okay, thanks. I am one of the few in this thread looking for a new purchase, I guess.
Ahh. Yeah, that would make a difference. In my case, I'm doing a refi, so timing wasn't that big of deal.

Are you already under contract for a purchase? If not, take note that I've read posts elsewhere of problems with using Better for purchase loans or that sellers don't consider offers with online lenders highly valued. Thus, if you aren't already under contract, I would have a backup loan estimate from another lender (perhaps the one you are using to have Better beat) available for that. Worst case scenario, close with a different lender and immediately refi.
May 14, 2020
69 Posts
Joined Dec 2009
May 14, 2020
dealshunter09
May 14, 2020
69 Posts
Quote from CycloneFW :
I think there is a mixup here.

Step 1. Everything to apply for your loan
Step 2. Processing / Underwriting your loan
Step 3. Loan approved, assigned a Closing Expert
Step 4. Receive Initial Closing Disclosures as a task item to review and accept
Step 5. When ICD accepted, assigned task to schedule closing. Closing must be at least 3 days away, excluding Sundays and Federal Holidays (Saturdays count though). For me, Friday acceptance meant Wednesday closing.
Step 6. Before closing, assigned task to review Closing Package
Step 7. When everything is verified and likely the day of closing or night before, provided Final Closing Disclosures to accept before closing.
Step 8. Provided cash-to-close instructions, such as wiring info

Hopefully that outline of the steps help
I'm in step 3 right now since Monday. How long does it take to get to step 4

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May 14, 2020
1,005 Posts
Joined Mar 2019
May 14, 2020
CycloneFW
May 14, 2020
1,005 Posts
Quote from dealshunter09 :
I'm in step 3 right now since Monday. How long does it take to get to step 4
For me I got assigned on a Thursday and had my ICD on Saturday. Each was at about 1 am, so it is maybe triggered by some overnight batch processing.
May 14, 2020
1,446 Posts
Joined Jul 2008
May 14, 2020
svinokot
May 14, 2020
1,446 Posts
Anybody got old loan's escrow refund? How long did you wait?
May 14, 2020
3,567 Posts
Joined Oct 2003
May 14, 2020
oneness
May 14, 2020
3,567 Posts
need some clarification here. I'm locked in with Better but I've still been shopping around and have found a better price for all closing costs except prepaids.

Is Better's offer to beat any competitor by $1,000 in addition to the AMEX $2,500 offer? Are people getting Better to beat competitor offer by $1,000 and getting the $2,500 statement credit?

I am thinking about rescinding this deal and starting over again with my now best competitor offer if this is true.
May 14, 2020
1,005 Posts
Joined Mar 2019
May 14, 2020
CycloneFW
May 14, 2020
1,005 Posts
Quote from oneness :
need some clarification here. I'm locked in with Better but I've still been shopping around and have found a better price for all closing costs except prepaids.

Is Better's offer to beat any competitor by $1,000 in addition to the AMEX $2,500 offer? Are people getting Better to beat competitor offer by $1,000 and getting the $2,500 statement credit?

I am thinking about rescinding this deal and starting over again with my now best competitor offer if this is true.
Yes, their attempt to beat by $1k is without consideration and irregardless of the Amex credit.

I would send the new LE you get to the same concierge you already have. They may change things without having to start over.
May 14, 2020
132 Posts
Joined Sep 2010
May 14, 2020
mwy23
May 14, 2020
132 Posts
Quote from 4deals :
I have the same question.
This offer is not showing in my amex offers
I received an email about this offer with the subject:

<NAME>, an exclusive $2,500 Statement Credit offer from Better.com available inside
May 14, 2020
46 Posts
Joined Nov 2006
May 14, 2020
Waddlepuss
May 14, 2020
46 Posts
Quote from svinokot :
Anybody got old loan's escrow refund? How long did you wait?
less than a month from my old provider, Mr. Cooper.
May 14, 2020
76 Posts
Joined Aug 2006
May 14, 2020
MysteryManMu
May 14, 2020
76 Posts
Quote from oneness :
need some clarification here. I'm locked in with Better but I've still been shopping around and have found a better price for all closing costs except prepaids.

Is Better's offer to beat any competitor by $1,000 in addition to the AMEX $2,500 offer? Are people getting Better to beat competitor offer by $1,000 and getting the $2,500 statement credit?

I am thinking about rescinding this deal and starting over again with my now best competitor offer if this is true.
In my case they only beat it by about 200 bucks. This was with points added too where as my other quote didnt have any but had more in origination/appraisal costs, and that would be the best that they could do.

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May 14, 2020
606 Posts
Joined Dec 2013
May 14, 2020
cdancer20
May 14, 2020
606 Posts
Quote from oneness :
need some clarification here. I'm locked in with Better but I've still been shopping around and have found a better price for all closing costs except prepaids.

Is Better's offer to beat any competitor by $1,000 in addition to the AMEX $2,500 offer? Are people getting Better to beat competitor offer by $1,000 and getting the $2,500 statement credit?

I am thinking about rescinding this deal and starting over again with my now best competitor offer if this is true.
They will attempt to beat it by at least $1000. If they cannot, then they will pay you $1000 after you close with the other company. That is their standard policy. This $2500 is in addition to that policy. For me, they beat my first LE by $1000 but in the end could only match the best LE. My agent kept reminding me though that I would still get the $2500 in addition to them matching it so I would still win out.
Last edited by cdancer20 May 14, 2020 at 11:56 AM.

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