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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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Jun 8, 2020
5,310 Posts
Joined Jul 2004
Jun 8, 2020
Gdog2004
Jun 8, 2020
5,310 Posts
Hey guys I locked in on a 180k mortgage at 2.62 (no points, no credits) with a local lender and I paid a 750.00 lock in fee.(which I will lose if I go with better)

Better will match that offer but will not give me the extra 1000 to BEAT the offer. I thought that was part of their deal, to pay an extra 1k to beat an offer. Can someone weigh in ? My rep is telling me I cant get the extra 1000.00 credit.
Jun 8, 2020
606 Posts
Joined Dec 2013
Jun 8, 2020
cdancer20
Jun 8, 2020
606 Posts
Quote from Gdog2004 :
Hey guys I locked in on a 180k mortgage at 2.62 (no points, no credits) with a local lender and I paid a 750.00 lock in fee.(which I will lose if I go with better)

Better will match that offer but will not give me the extra 1000 to BEAT the offer. I thought that was part of their deal, to pay an extra 1k to beat an offer. Can someone weigh in ? My rep is telling me I cant get the extra 1000.00 credit.
They cannot always beat the offer. The offer that I locked at was only a match.
Jun 8, 2020
63 Posts
Joined Jul 2008
Jun 8, 2020
elsaball
Jun 8, 2020
63 Posts
Quote from Gdog2004 :
Hey guys I locked in on a 180k mortgage at 2.62 (no points, no credits) with a local lender and I paid a 750.00 lock in fee.(which I will lose if I go with better)

Better will match that offer but will not give me the extra 1000 to BEAT the offer. I thought that was part of their deal, to pay an extra 1k to beat an offer. Can someone weigh in ? My rep is telling me I cant get the extra 1000.00 credit.
On a 30 or 15
Jun 8, 2020
5,310 Posts
Joined Jul 2004
Jun 8, 2020
Gdog2004
Jun 8, 2020
5,310 Posts
Quote from elsaball :
On a 30 or 15
on a 15. They MATCHED the offer, but they are not giving me the extra 1000.
Jun 8, 2020
1,005 Posts
Joined Mar 2019
Jun 8, 2020
CycloneFW
Jun 8, 2020
1,005 Posts
Quote from Gdog2004 :
on a 15. They MATCHED the offer, but they are not giving me the extra 1000.
On my 15, they couldn't even match the offer, but got close ($150 more). They cannot always beat other offers, but you still come out ahead with the Amex promo.
Jun 8, 2020
66 Posts
Joined Dec 2007
Jun 8, 2020
jerseyben
Jun 8, 2020
66 Posts
Is anyone else getting emails from Better demanding additional information after closing? They want me to sign up with PointServe to verify financial information. I closed over 2 months ago and my loan was already re-sold. What the hell?
Jun 8, 2020
606 Posts
Joined Dec 2013
Jun 8, 2020
cdancer20
Jun 8, 2020
606 Posts
Do you typically wire the money to the title company before or after closing for a refinance?

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Jun 8, 2020
83 Posts
Joined Feb 2015
Jun 8, 2020
phenyle
Jun 8, 2020
83 Posts
Quote from cdancer20 :
Do you typically wire the money to the title company before or after closing for a refinance?
Yes you have 24 hours to wire the funds after you sign the closing docs
Jun 8, 2020
83 Posts
Joined Feb 2015
Jun 8, 2020
phenyle
Jun 8, 2020
83 Posts
My experience with Better:
I negotiated and locked on May 29th for 2.875 on a 30 yr fixed with better offering 1000 $ more in lender credits plus the $2500 on Amex.
Appraisal on May 30, report on June 2
went to underwriting on June 5
Went to closing on June 8 and the loan is getting funded on June 12

15 days end to end and I was always on top of the paperwork. Never have i experienced a better service.
Jun 8, 2020
606 Posts
Joined Dec 2013
Jun 8, 2020
cdancer20
Jun 8, 2020
606 Posts
Quote from AshishA6058 :
My experience with Better:
I negotiated and locked on May 29th for 2.875 on a 30 yr fixed with better offering 1000 $ more in lender credits plus the $2500 on Amex.
Appraisal on May 30, report on June 2
went to underwriting on June 5
Went to closing on June 8 and the loan is getting funded on June 12

15 days end to end and I was always on top of the paperwork. Never have i experienced a better service.
See experiences like this really do piss me off. This week will be 7 weeks! I'm finally closing this week but still. I stayed on top of all paperwork and uploaded everything within just an hour or two or the requests. Sorry I know that I've complained a lot but I just want others to be aware of the fact that not everyone has these great experiences. I'm that 1 star rating against other 4s and 5s. LOL.
Jun 8, 2020
256 Posts
Joined Feb 2018
Jun 8, 2020
njdealguy
Jun 8, 2020
256 Posts
Quote from AshishA6058 :
My experience with Better:
I negotiated and locked on May 29th for 2.875 on a 30 yr fixed with better offering 1000 $ more in lender credits plus the $2500 on Amex.
Appraisal on May 30, report on June 2
went to underwriting on June 5
Went to closing on June 8 and the loan is getting funded on June 12

15 days end to end and I was always on top of the paperwork. Never have i experienced a better service.
Hi Ashish,

Just wondering as you mention $1k in lender credits, does this mean you have any net closing costs (D+E on loan estimate) after accounting for the Amex credit?

I am closing this week with the same rate of 2.875% as you with Better for 30 year fixed rate cash out refi and for me the closing costs for D+E minus $1365 in lender credits comes to about $1200 so after factoring in the Amex $2500 credit will end up totaling -$1300 without counting the prepaid escrow.

Think couldve had a better deal by perhaps additional $1k-$2k lender credits or maybe a 2.75% interest rate with same fees but unfortunately my credit score came in the lower 700s due to a stupid $20 charge made 6 months ago by EZ Pass on a credit card after it was already closed and I wasnt aware of it for several months (The CC company even agreed to waive the late charges after I noticed it and paid the $20 but credit bureaus refused to remove it on my dispute!)
Jun 8, 2020
83 Posts
Joined Feb 2015
Jun 8, 2020
phenyle
Jun 8, 2020
83 Posts
Quote from njdealguy :
Hi Ashish,

Just wondering as you mention $1k in lender credits, does this mean you have any net closing costs (D+E on loan estimate) after accounting for the Amex credit?

I am closing this week with the same rate of 2.875% as you with Better for 30 year fixed rate cash out refi and for me the closing costs for D+E minus $1365 in lender credits comes to about $1200 so after factoring in the Amex $2500 credit will end up totaling -$1300 without counting the prepaid escrow.

Think couldve had a better deal but unfortunately my credit score came in the lower 700s due to a stupid $20 charge made 6 months ago by EZ Pass on a credit card after it was already closed and I wasnt aware of it for several months (The CC company even agreed to waive the late charges after I noticed it and paid the $20 but credit bureaus refused to remove it on my dispute!)
my net credit after all the costs (not including prepaids, escrow) ended up being $1000 plus 2500 amex. so about 3500. I had a 0 cost loan estimate from my local lender at 2.875 and better added the additional $1000 plus the 2500 toward amex
Jun 8, 2020
352 Posts
Joined Dec 2019
Jun 8, 2020
wandl
Jun 8, 2020
352 Posts
Quote from Gdog2004 :
on a 15. They MATCHED the offer, but they are not giving me the extra 1000.
Agreed - they matched a competing offer (they had lower fees too) for me. I am reading on their website, I don't see where they would "pay an extra $1k to beat an offer"
Jun 8, 2020
256 Posts
Joined Feb 2018
Jun 8, 2020
njdealguy
Jun 8, 2020
256 Posts
Quote from AshishA6058 :
my net credit after all the costs (not including prepaids, escrow) ended up being $1000 plus 2500 amex. so about 3500. I had a 0 cost loan estimate from my local lender at 2.875 and better added the additional $1000 plus the 2500 toward amex
Wow nice, this basically means the additional cost of having a credit score in lower 700s to one of 760+ is at least a couple thousand presumably assuming we both locked in when rates were bottoming out! And lessons learned to be very careful with this stuff.

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Jun 8, 2020
45 Posts
Joined Mar 2015
Jun 8, 2020
SK0204
Jun 8, 2020
45 Posts
Quote from AshishA6058 :
My experience with Better:
I negotiated and locked on May 29th for 2.875 on a 30 yr fixed with better offering 1000 $ more in lender credits plus the $2500 on Amex.
Appraisal on May 30, report on June 2
went to underwriting on June 5
Went to closing on June 8 and the loan is getting funded on June 12

15 days end to end and I was always on top of the paperwork. Never have i experienced a better service.
Which state are you located and who is the lender? That's really good rate for 30 year

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