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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.
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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9.8K Comments

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Jun 1, 2020 5:44 PM
282 Comments
Joined Sep 2008
schumi25Jun 1, 2020 5:44 PM
282 Comments
Quote from SDRebel View quoted comment :
nice. they gave you that deal without match or you had them match someone?
Without requesting match since no other lender offered this rate without points
Jun 1, 2020 7:55 PM
225 Comments
Joined May 2013
Stevied916Jun 1, 2020 7:55 PM
225 Comments
Quote from SiennaDeer8270 View quoted comment :
Huge limitation? Who in CA has a loan less than 300k? Did you buy 30 years ago? If so, how do you still have a mortgage?
Ours is and Owning wanted over 3% for 15 year.
Jun 1, 2020 9:22 PM
1.4K Comments
Joined Jan 2020
SiennaDeer8270Jun 1, 2020 9:22 PM
1.4K Comments
Quote from Stevied916 View quoted comment :
Ours is and Owning wanted over 3% for 15 year.
I'll take your 3% rate for under 300k if you take my 2.5% rate way way way over 300k. Deal?

I don't understand why people with small loans spend so much energy over fractions of a percentage. Like cdancer complaining about paying another $100 pmi because better.com is too slow? How much do you earn that these values really matter?
2
Jun 1, 2020 9:29 PM
1K Comments
Joined Mar 2019
CycloneFWJun 1, 2020 9:29 PM
1K Comments
Quote from SiennaDeer8270 View quoted comment :
I'll take your 3% rate for under 300k if you take my 2.5% rate way way way over 300k. Deal?
My $150k loan is about $1,500 less over 15 years per 1/8 percent. So at 0.5% difference, that is about $6k. Not an earth-shattering amount, but definitely money not worth wasting either.
Jun 1, 2020 9:35 PM
607 Comments
Joined Dec 2013
cdancer20Jun 1, 2020 9:35 PM
607 Comments
Quote from SiennaDeer8270 View quoted comment :
I'll take your 3% rate for under 300k if you take my 2.5% rate way way way over 300k. Deal?

I don't understand why people with small loans spend so much energy over fractions of a percentage. Like cdancer complaining about paying another $100 pmi because better.com is too slow? How much do you earn that these values really matter?
Feel free to PayPal me $100 then since it's no big deal to you. I specifically took out this loan half to get rid of PMI. If it truly took long to get it done with fine but me having to pay an extra $130 because someone else can't efficiently do their job w/o me hand holding them urks me. That also doesn't include the extra weeks of paying an additional 1% interest. This entire board is about saving money. $100 isn't peanuts to most people.
Jun 1, 2020 10:19 PM
3.4K Comments
Joined Nov 2013
mrwhitewalkerJun 1, 2020 10:19 PM
3.4K Comments
So I am in a tricky situation with Chase and Forberance. They Auto enrolled me in by just sending them a digital message on their site. I have not made my May Payment and June is due now basically. I put the money aside for those payments and I can make them no problem. I was hoping to do a deferment at the end of forbearance before I saw this deal. That ways I get to keep 3-4 Mortgage payments in my pocket.

Ending up with $3300 in Credits and we will pay nothing out of pocket to refinance besides the Escrow stuff. Its a no Brainer to refi right? Break even immediately and drop your rate .5% Save $130ish per month.

Better.com is saying as long as I have only missed 1 payment they can do business, Lenderfi just dropped me and said we cant do business now.

Anyone else have any experience with this.
Jun 1, 2020 10:46 PM
5.2K Comments
Joined Feb 2008
unlvrebelsJun 1, 2020 10:46 PM
5.2K Comments
Quote from mrwhitewalker View quoted comment :
So I am in a tricky situation with Chase and Forberance. They Auto enrolled me in by just sending them a digital message on their site. I have not made my May Payment and June is due now basically. I put the money aside for those payments and I can make them no problem. I was hoping to do a deferment at the end of forbearance before I saw this deal. That ways I get to keep 3-4 Mortgage payments in my pocket.

Ending up with $3300 in Credits and we will pay nothing out of pocket to refinance besides the Escrow stuff. Its a no Brainer to refi right? Break even immediately and drop your rate .5% Save $130ish per month.

Better.com is saying as long as I have only missed 1 payment they can do business, Lenderfi just dropped me and said we cant do business now.

Anyone else have any experience with this.
Check out this:
Mortgage regulator to loosen refinance restrictions for home loans in forbearance
https://www.marketwatch.com/story...2020-05-19

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Jun 1, 2020 10:51 PM
3.4K Comments
Joined Nov 2013
mrwhitewalkerJun 1, 2020 10:51 PM
3.4K Comments
Quote from unlvrebels View quoted comment :
Check out this:
Mortgage regulator to loosen refinance restrictions for home loans in forbearance
https://www.marketwatch.com/story...2020-05-19
I actually provided it over to the guy at Lender fi but he didn't care.
Jun 1, 2020 10:53 PM
5.2K Comments
Joined Feb 2008
unlvrebelsJun 1, 2020 10:53 PM
5.2K Comments
Quote from mrwhitewalker View quoted comment :
I actually provided it over to the guy at Lender fi but he didn't care.
Did Better say okay ? If yes, get online quotes (without official application) from few other places and price match. Check out this thread for names of other lenders.
Jun 1, 2020 11:01 PM
607 Comments
Joined Dec 2013
cdancer20Jun 1, 2020 11:01 PM
607 Comments
Quote from unlvrebels View quoted comment :
Check out this:
Mortgage regulator to loosen refinance restrictions for home loans in forbearance
https://www.marketwatch.com/story...2020-05-19
Quote from mrwhitewalker View quoted comment :
I actually provided it over to the guy at Lender fi but he didn't care.
By that link, he isn't qualified though. By missing your payment in May, you fell out of it. The rules says that you must be current at least a year after going into forbearance.
Jun 1, 2020 11:02 PM
3.4K Comments
Joined Nov 2013
mrwhitewalkerJun 1, 2020 11:02 PM
3.4K Comments
Quote from cdancer20 View quoted comment :
By that link, he isn't qualified though. By missing your payment in May, you fell out of it. The rules says that you must be current at least a year after going into forbearance.
Better did say you can miss 1 payment. I would have to exit forbearance which I have no idea how to do. Also means I have to get up to current.
Jun 1, 2020 11:14 PM
553 Comments
Joined Sep 2009
mamakatJun 1, 2020 11:14 PM
553 Comments
Quote from SiennaDeer8270 View quoted comment :
I'll take your 3% rate for under 300k if you take my 2.5% rate way way way over 300k. Deal?

I don't understand why people with small loans spend so much energy over fractions of a percentage. Like cdancer complaining about paying another $100 pmi because better.com is too slow? How much do you earn that these values really matter?
Wow, that's pretty snotty.. how much do you earn that spending $100 unnecessarily is not worth a grumble? .. good for you, but not everyone has that kind of income, even in California.
Jun 2, 2020 12:36 AM
320 Comments
Joined Apr 2005
WinSolsticeJun 2, 2020 12:36 AM
320 Comments
Below is for a 30yr fixed refi in CA.
Can confirm that Better is good at matching. Initially had 3.375% with about $1500 in closing from Owning that Chase bettered with $1200 in closing. Took that to Owning and they beat it by $1000. Then Owning dropped their rates to 3.125%. Got a LE from then at 3.125% with about $1500 in closing again. Better matched 3.125% and beat them in closing by $1000 again. And in addition there's the $2500 statement credit.

Now talking with Chase as I had proceeded with my initial application with them at 3.375%
Jun 2, 2020 3:08 AM
607 Comments
Joined Dec 2013
cdancer20Jun 2, 2020 3:08 AM
607 Comments
Quote from mamakat View quoted comment :
Wow, that's pretty snotty.. how much do you earn that spending $100 unnecessarily is not worth a grumble? .. good for you, but not everyone has that kind of income, even in California.
Thanks for agreeing with me. This is especially true on a message board where saving $5 on a box of snacks gets hundreds of likes and front page posting LOL.
Last edited by cdancer20 June 1, 2020 at 09:09 PM.

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Jun 2, 2020 3:10 AM
607 Comments
Joined Dec 2013
cdancer20Jun 2, 2020 3:10 AM
607 Comments
Has anyone had experience with your appraisal coming back as less than what the "estimated value" shows and thus they decrease lender credit? This is especially true in the case where they matched to another lender's rate.
Last edited by cdancer20 June 1, 2020 at 08:19 PM.

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