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expiredGreenworld123 posted Dec 08, 2019 02:27 PM
expiredGreenworld123 posted Dec 08, 2019 02:27 PM

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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Jun 10, 2020 08:25 PM
3,309 Posts
Joined Nov 2013
mrwhitewalkerJun 10, 2020 08:25 PM
3,309 Posts
I wanted to provide people some insight on my experience so far with Better.com. $367K Loan
  • Applied with the soft pull on May 26th. Rate and costs from Better.com were astronomically high. $13K in Closing Costs(did include like $5k in Escrow though)
  • Applied with Lender Fi as others suggested here May 28th. Very good rate and credit($2200) at 3.125%, could have done lower 3% with a smaller credit but I wanted to pay nothing out of Pocket if possible.
  • Better.com matched Lenderfi May 31st, beat the credits by $1200ish.
  • Wanted to keep shopping around but rates fluctuated higher for 3 days straight From May 28th to May 31.
  • June 1st Decided to cave and lock it by the deadline they gave me for the match. 3.125% with $3427 Credit. Hard Pull for credit to finalize everything.
  • June 1st Appraisal Ordered - Scheduled June 3rd, final Report Received June 5th. $40K higher than we paid 8 months back.
  • June 1st Title Ordered. - Cleared June 4th
  • June 2-3rd Completed like 25 Tasks including proof of income, general questions such as proof of residence, bank records etc....
  • June 3rd - Completely Approved for underwriting
  • June 5th Final Appraisal report including "final Loan Estimate with new figures"
  • June 8th Spoke with them about having the final go ahead with the loan. Brought up the shopping for a title. Wanted cheaper and a local company instead. Specifically the one that did our previous loan down the road. It was going to save us $320ish bucks. They said no problem OR they gave us an extra $500 credit so we dont take 3-5 days of a stop. Took the credit easy decision. Updated the Loan Estimate.
  • June 9th Moved into closing once I got the new LE. Got assigned some new tasks with the latest paystubs and what nots.
  • June 10th(today) they asked me for the last 5 numbers of my Amex for the credit.
Nothing has happened since closing though, but its only been 24 hours.
Jun 10, 2020 09:26 PM
3,205 Posts
Joined Feb 2004
mnsweepsJun 10, 2020 09:26 PM
3,205 Posts
Quote from wallewalle :
Similar situation locked at Better for 2.5. Did you send new LE from Owning to Better loan originator? Please update what Better replies with.
I only send a screenshot of Owning rate as my LE from them shows 2.5%.. Owning doesn't like me anymore as they know I am with Better so they won't update and send me a new LE.
Jun 10, 2020 10:21 PM
5,496 Posts
Joined Dec 2009
ultratumbaJun 10, 2020 10:21 PM
5,496 Posts
Quote from mnsweeps :
I only send a screenshot of Owning rate as my LE from them shows 2.5%.. Owning doesn't like me anymore as they know I am with Better so they won't update and send me a new LE.
Ditto that. I just ran into same problem. The Owning rep told me this:
This can only be generated once the loan is in processing. Your processor sends this to you. It is called a "Change in Circumstance" Redisclosure. However, I can guarantee it will be the same deal, no points, no fees or charges. Owning pays appraisal and all third party fees.

I sent them the owning.com index page snipit. Hope that makes a diff.
Jun 10, 2020 10:39 PM
5,496 Posts
Joined Dec 2009
ultratumbaJun 10, 2020 10:39 PM
5,496 Posts
Quote from mnsweeps :
I only send a screenshot of Owning rate as my LE from them shows 2.5%.. Owning doesn't like me anymore as they know I am with Better so they won't update and send me a new LE.
Just got an email from Better rep. They wont approve screenshots:

Unfortunately no way management would approve this- I need either a lender's fee sheet reflecting the rate you want or the official estimate.
Jun 10, 2020 11:09 PM
63 Posts
Joined Dec 2010
psmooveJun 10, 2020 11:09 PM
63 Posts
Quote from ultratumba :
Ditto that. I just ran into same problem. The Owning rep told me this:
This can only be generated once the loan is in processing. Your processor sends this to you. It is called a "Change in Circumstance" Redisclosure. However, I can guarantee it will be the same deal, no points, no fees or charges. Owning pays appraisal and all third party fees.

I sent them the owning.com index page snipit. Hope that makes a diff.
Yep same here. Got shot down by Better. And Owning is requiring me to do another application and credit check for an LE. Oh well, if rates go down further I can simply refinance again. I'm happy with the 2.5% rate I am getting and I received enough lender credits to cover the closing costs plus almost all of the prepaids.
Jun 10, 2020 11:34 PM
5,496 Posts
Joined Dec 2009
ultratumbaJun 10, 2020 11:34 PM
5,496 Posts
Quote from psmoove :
Yep same here. Got shot down by Better. And Owning is requiring me to do another application and credit check for an LE. Oh well, if rates go down further I can simply refinance again. I'm happy with the 2.5% rate I am getting and I received enough lender credits to cover the closing costs plus almost all of the prepaids.
I agree. I think rates will continue going down a bit more, enough to get the free drop down anyhow. I'm milking time as closing date for me is July 20, so no rush.
Jun 11, 2020 12:31 AM
1,560 Posts
Joined Aug 2007
ha-evolutionJun 11, 2020 12:31 AM
1,560 Posts
Better initial rates offered are laughable. They want $2,600 in points for a rate that is nearly .5% above market.

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Jun 11, 2020 12:36 AM
38 Posts
Joined May 2012
YuvrajSinghJun 11, 2020 12:36 AM
38 Posts
Quote from psmoove :
Yep same here. Got shot down by Better. And Owning is requiring me to do another application and credit check for an LE. Oh well, if rates go down further I can simply refinance again. I'm happy with the 2.5% rate I am getting and I received enough lender credits to cover the closing costs plus almost all of the prepaids.
What are the loan terms ? Seems like super cool rate
Jun 11, 2020 01:51 AM
211 Posts
Joined Dec 2006
volkl23Jun 11, 2020 01:51 AM
211 Posts
Very pleasant experience going through Better. Happy with the rate and no closing costs after lender credit.

From start of application to closing took 13 days. That's the fastest I've ever experienced. Ever.
Jun 11, 2020 02:00 AM
1,853 Posts
Joined Jun 2012
leroy_sunsetJun 11, 2020 02:00 AM
1,853 Posts
Once you're locked with Better all price matching goes away. Ask me how I know.
Jun 11, 2020 02:26 AM
45 Posts
Joined Mar 2015
SK0204Jun 11, 2020 02:26 AM
45 Posts
.....
Jun 11, 2020 02:27 AM
45 Posts
Joined Mar 2015
SK0204Jun 11, 2020 02:27 AM
45 Posts
Quote from leroy_sunset :
Once you're locked with Better all price matching goes away. Ask me how I know.
Are you back to your original quotes from Better?Looks like some system glitch. Same thing happened to me, just sent them a note.
Jun 11, 2020 02:29 AM
180 Posts
Joined Jun 2017
RohanM3727Jun 11, 2020 02:29 AM
180 Posts
Quote from bigbearballs :
Same here, would love to know.
I used lendingfi
Jun 11, 2020 03:59 AM
480 Posts
Joined Dec 2006
cheapdad00Jun 11, 2020 03:59 AM
480 Posts
Quote from CycloneFW :
That will vary greatly with locale and loan amount. In NC, that would be absurdly high. My title policy was $167, or $202 once you add endorsements and the closing protection letter.
Who did you use in NC for title? I'm in NC and previous refinances have had huge title costs (even when re-using a previous company), so looking to save a bit this time around. Thanks.

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Jun 11, 2020 04:18 AM
1,003 Posts
Joined Nov 2013
sowhatwegetdrunkJun 11, 2020 04:18 AM
1,003 Posts
Does better need all 3 credit bureaus to be unfrozen for soft pull (initial application)? I have all 3 frozen and got an error that they are not able to do soft pull and points me to transunion unfreeze. Released the freeze on transunion and still get the same message. Should I release on other 2 as well?

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