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expired Posted by Greenworld123 • Dec 8, 2019
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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 23, 2020
1,404 Posts
Joined Aug 2009
May 23, 2020
EasyEz
May 23, 2020
1,404 Posts
I locked at 3.25% 30 year refi with better for $2500 closing - $1650 lender credit - $2500 Better Amex. Suboridinating the 2nd lien killed me. But hey, no cost refi and drops me .5% here in TX. Ends up shaving 4 years off my mortgage.
May 23, 2020
384 Posts
Joined Apr 2016
May 23, 2020
physio1213
May 23, 2020
384 Posts
Quote from oneness :
I'll find out today. They already matched at 3% no points for 30 yr loan for about $176,000 and I have been locked in for a week or so now.
Now I'm being offered 2.875% no points and a $500 lender credit from someone else (Garden State Home Loans in NJ)

I uploaded the new LE to my profile but my loan application is now in closing phase. I emailed my loan processor to let them know I uploaded a new LE, she said she will let me know if they can match it.

UPDATE: so they declined to match any further. I've decided to move forward with Better because of the AMEX bonus even though the other offer is better. I feel like it's at least some risk that that $2500 credit won't come through but I'm willing to trust that it will happen.
I don't want to l lose this opportunity to refinance since I've already pulled credit and if worse comes to worse by July rates are even lower it may make sense to try another refi if I can do this AMEX offer again.
2.85 % with lenders credit for 30 yrs ...too good to be true. I locked up with better for 2.5% with no points for 15 yr and I feel I should have keep looking for better rates.
May 23, 2020
22 Posts
Joined Apr 2019
May 23, 2020
Ahosanna
May 23, 2020
22 Posts
Quote from flyersrule :
What rate you guys seeing from Owning and Lenderfi with closing costs for 30 and 15yr excellent credit after running app?
With ~1000 closing costs (after lender credits), I'm seeing with excellent credit 3.25% for 30yr and 2.75% with 15yr
May 23, 2020
665 Posts
Joined May 2007
May 23, 2020
ultrasubzero123
May 23, 2020
665 Posts
Quote from PhantasmX :
Anyone lucky enough to refinance a rental?
Would love to hear about this as well
May 23, 2020
1,412 Posts
Joined Jan 2020
May 23, 2020
SiennaDeer8270
May 23, 2020
1,412 Posts
Quote from EasyEz :
I locked at 3.25% 30 year refi with better for $2500 closing - $1650 lender credit - $2500 Better Amex. Suboridinating the 2nd lien killed me. But hey, no cost refi and drops me .5% here in TX. Ends up shaving 4 years off my mortgage.
Did you have a balance on your HELOC? If you have a zero balance HELOC it shouldn't affect you at all.
May 23, 2020
1,404 Posts
Joined Aug 2009
May 23, 2020
EasyEz
May 23, 2020
1,404 Posts
Quote from SiennaDeer8270 :
Did you have a balance on your HELOC? If you have a zero balance HELOC it shouldn't affect you at all.
I did not have a zero balance. A home improvement loan that I'm cleaning up.
May 23, 2020
6,123 Posts
Joined Jun 2005
May 23, 2020
PhantasmX
May 23, 2020
6,123 Posts
Quote from hungiema :
i just refinance my investment property at 3.5 about 2 months ago.
What did it cost you?

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May 23, 2020
1,412 Posts
Joined Jan 2020
May 23, 2020
SiennaDeer8270
May 23, 2020
1,412 Posts
Quote from EasyEz :
I did not have a zero balance. A home improvement loan that I'm cleaning up.
With a HELOC you can't waive an appraisal so that cost you another $500. Why didn't you cash out refinance and roll the HELOC into the primary mortgage. Probably paying more than 3.25% on your HELOC.
May 23, 2020
1,005 Posts
Joined Mar 2019
May 23, 2020
CycloneFW
May 23, 2020
1,005 Posts
Quote from SiennaDeer8270 :
With a HELOC you can't waive an appraisal so that cost you another $500. Why didn't you cash out refinance and roll the HELOC into the primary mortgage. Probably paying more than 3.25% on your HELOC.
The Amex promo waives the costs of the appraisal. But that is still more work than getting an appraisal waiver. Since s/he did a subrogation, the HELOC is still available. If it was paid off and closed, it could be hard to get a new one (at the moment) in this environment.
May 23, 2020
1,412 Posts
Joined Jan 2020
May 23, 2020
SiennaDeer8270
May 23, 2020
1,412 Posts
Quote from CycloneFW :
The Amex promo waives the costs of the appraisal. But that is still more work than getting an appraisal waiver. Since s/he did a subrogation, the HELOC is still available. If it was paid off and closed, it could be hard to get a new one (at the moment) in this environment.
HELOC bank isn't going to authorize subordination unless better.com does the appraisal. Even if better doesn't require it, the HELOC bank will.

If you need to keep the HELOC for use, then you can't cash out refinance. But if you can do without for a year or two until you can apply again, rolling the HELOC into your primary mortgage will save you money.
May 23, 2020
281 Posts
Joined Mar 2010
May 23, 2020
hungiema
May 23, 2020
281 Posts
Quote from PhantasmX :
What did it cost you?
no points. i think fees were around 2k
May 23, 2020
1,005 Posts
Joined Mar 2019
May 23, 2020
CycloneFW
May 23, 2020
1,005 Posts
Quote from SiennaDeer8270 :
HELOC bank isn't going to authorize subordination unless better.com does the appraisal. Even if better doesn't require it, the HELOC bank will.

If you need to keep the HELOC for use, then you can't cash out refinance. But if you can do without for a year or two until you can apply again, rolling the HELOC into your primary mortgage will save you money.
I concur. I was just saying that there would be no cost for getting the appraisal thanks to the Amex promo. And I concur. I would personally close out the HELOC for the best rate and reopen down the road. My last one was open w/ no closing costs at all as long as it remained open for two years (no advances needed).
May 23, 2020
597 Posts
Joined Feb 2008
May 23, 2020
jdms2000
May 23, 2020
597 Posts
owning.com currently has 3.125% for 30 year 765K conforming. no fees/costs.

i'm want to see if better.com can match or beat this, plus give the $2,500 amex credit.
May 23, 2020
1,404 Posts
Joined Aug 2009
May 23, 2020
EasyEz
May 23, 2020
1,404 Posts
Quote from SiennaDeer8270 :
With a HELOC you can't waive an appraisal so that cost you another $500. Why didn't you cash out refinance and roll the HELOC into the primary mortgage. Probably paying more than 3.25% on your HELOC.
It's not a HELOC. I used free appraisal and came up just short of a cash out refi like 81%.

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May 23, 2020
1,412 Posts
Joined Jan 2020
May 23, 2020
SiennaDeer8270
May 23, 2020
1,412 Posts
Quote from EasyEz :
It's not a HELOC. I used free appraisal and came up just short of a cash out refi like 81%.
Just put some cash towards the loan or mortgage and qualify for the cash out refi.

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