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expiredGreenworld123 posted Dec 08, 2019 02:27 PM
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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 13, 2020 04:46 AM
41,480 Posts
Joined Apr 2006
SDRebelJun 13, 2020 04:46 AM
41,480 Posts
Quote from MagentaCreature315 :
Try Aimloan. They give you an LE without a hard pull. Better just beat them by $1,000 for me today. Better's original estimate for cashout 20-yr at 3% was ~$6k total Loan cost (not prepaids, escrow, etc). They beat Aimloan to bring it to ~$1k. So I'll be making money with the refi after the $2500 Amex SC.
Thanks for the tip
Jun 13, 2020 04:47 AM
41,480 Posts
Joined Apr 2006
SDRebelJun 13, 2020 04:47 AM
41,480 Posts
Quote from Switching2Geico :
Im looking for a 20 year refi. Im in california $560k loan. Currently at 3.25% fixed 4 years into a 30 year original loan

Anyone got any dps for good rates for 20 year rates? 3% or below?

Thanks in advance
Everyone from CA said owning
Jun 13, 2020 05:04 AM
274 Posts
Joined Nov 2006
cynoJun 13, 2020 05:04 AM
274 Posts
Quote from lodit :
LoanDepot came in the lowest for me.
Also received offers from LenderFi, Sebonic and a couple of others.

Good luck!
Thanks. I tried LoanDepot earlier but they wanted to pull the credit report and the rate they offered before the pull was not appealing, I will give a try again.
Jun 13, 2020 05:21 AM
858 Posts
Joined Dec 2009
loditJun 13, 2020 05:21 AM
858 Posts
Quote from cyno :
Thanks. I tried LoanDepot earlier but they wanted to pull the credit report and the rate they offered before the pull was not appealing, I will give a try again.
It seems lenders have caught on to the AMEX deal and are requiring a completed application before providing a proper LE.

Not a big deal, cause if your credit is getting hit for the same reason (mortgage) within a certain period of time, it doesn't affect your score too much long term.

My credit has been pulled like 5 times this month alone, and no lender has really raised any concerns.

I did it just to ensure I had a competitive offer to bring to Better, and unfortunately they could only match it, not beat it by $1000, although I didn't really push for it.

Happy enough to drop the rate to 2.5 for 15 and get some money from the AMEX offer.
Jun 13, 2020 07:17 AM
1,083 Posts
Joined Aug 2005
vega07Jun 13, 2020 07:17 AM
1,083 Posts
I had this offer added earlier this year and I remember it said expires sometime in July...now I can't find it on my Amex app anymore. Am I still eligible?
Jun 13, 2020 11:28 AM
633 Posts
Joined Feb 2007
techoinJun 13, 2020 11:28 AM
633 Posts
Quote from sleekwallet :
I guess I got lucky. The market is closed right now; you are looking at the weekend sheets, not the best time to lock a rate.
lucky to be lucky I guess..hope you already locked it..thats best so far
Jun 13, 2020 12:17 PM
4 Posts
Joined May 2018
NervousClover323Jun 13, 2020 12:17 PM
4 Posts
I'm in NJ. Loan depot gave me the cheapest rate of 2.625%, with $100 credit for 30 years fixed. (Hard pull). Better said they will beat etc. but could not. I ended up with 2.75% with better.com with $4725 lender credits and $2500 Amex offer.

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Jun 13, 2020 12:41 PM
281 Posts
Joined Mar 2010
hungiemaJun 13, 2020 12:41 PM
281 Posts
Quote from NervousClover323 :
I'm in NJ. Loan depot gave me the cheapest rate of 2.625%, with $100 credit for 30 years fixed. (Hard pull). Better said they will beat etc. but could not. I ended up with 2.75% with better.com with $4725 lender credits and $2500 Amex offer.
wow that is amazing rate, no points??
Jun 13, 2020 01:22 PM
1,281 Posts
Joined Oct 2007
NailerJun 13, 2020 01:22 PM
1,281 Posts
Quote from NervousClover323 :
I'm in NJ. Loan depot gave me the cheapest rate of 2.625%, with $100 credit for 30 years fixed. (Hard pull). Better said they will beat etc. but could not. I ended up with 2.75% with better.com with $4725 lender credits and $2500 Amex offer.
wow, that great rate, i locked in at 2.875 with abt $2k closing cost; that was the lowest i could find..let me try loan depot and check. could you tell me what your loan amt?
Jun 13, 2020 01:47 PM
413 Posts
Joined Mar 2005
pamifJun 13, 2020 01:47 PM
413 Posts
I think you got a better offer. The credit you got ($4725 - $100) should be sufficient to buy 0.1% point.
Quote from NervousClover323 :
I'm in NJ. Loan depot gave me the cheapest rate of 2.625%, with $100 credit for 30 years fixed. (Hard pull). Better said they will beat etc. but could not. I ended up with 2.75% with better.com with $4725 lender credits and $2500 Amex offer.
Jun 13, 2020 02:21 PM
3,686 Posts
Joined Jul 2012
MilesHunterJun 13, 2020 02:21 PM
3,686 Posts
My experience:
Closed 4/17
Loan Funded 4/22
Statement credit received 6/12

Zero cost on 3.125% and 1200 in all closing costs.

Made a nice profit.
Jun 13, 2020 02:24 PM
1,007 Posts
Joined Mar 2019
CycloneFWJun 13, 2020 02:24 PM
1,007 Posts
Quote from CycloneFW :
Applied 4/23
Sent competing offer 4/24
Locked 4/24
Loan went to underwriting 4/25
Loan conditionally approved 4/25
Title work ordered 4/27
Last of follow-up paperwork completed 4/29
Title work received 5/4
Submitted for final review 5/6
Moved to Closing prep 5/7
As a follow up, my closing on 5/13 went well and about a week after my funding date, I could see my loan on TMS. When I look on MERS, I still see Better as the lender/investor and TMS as the servicer, but today my mortgage appeared on my Wells Fargo login. There, it says it has a setup date of 6/12. I can still see my loan at TMS' website too, but I imagine in the next few days I will receive notice my mortgage servicing (and maybe ownership) is moving to WF.
Last edited by CycloneFW June 13, 2020 at 07:28 AM.
Jun 13, 2020 02:48 PM
375 Posts
Joined Feb 2006
amd555Jun 13, 2020 02:48 PM
375 Posts
Looking for advise. I locked in 3% on a 20 yr fixed, 242k in cook county, IL with $1700 credit. I have yet to find a better offer. Tried aim, credible, etc. Know a place I can have better beat or match offer with?
Jun 13, 2020 03:10 PM
45 Posts
Joined Apr 2020
MrDiojiJun 13, 2020 03:10 PM
45 Posts
Quote from gb2bg :
Is the $2500 going to be taxable later on next yr?
Quote from SDRebel :
I'm going with no unless someone presents evidence of the contrary
The terms state "The value of the statement credit may be taxable income to you, and you are responsible for any federal, state or other taxes resulting from the credit." Doesn't automatically mean it's taxable...but it's something and I'm assuming I'll get a 1099 for it.
Quote from gb2bg :
Is the $2500 going to be taxable later on next yr?
Quote from SDRebel :
I'm no accountant, but since it's a statement credit, I don't think you would have to report it, but I didn't read the full terms.
E.g. I'm assuming like any other rewards from any CC
Usually CC rewards are not taxable because they are considered a rebate/discount on spend. I'm not sure this would qualify as that since it's tied to a task, not any particular spend. It's more similar to a referral, which Amex does issue 1099's for. I'd assume you will receive a 1099 for this.

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Jun 13, 2020 03:18 PM
1,017 Posts
Joined Jul 2010
YugeJun 13, 2020 03:18 PM
1,017 Posts
Anyone tried in PA, what is the rate and closing cost after lender credit. I am not able to find great quotes as foiks have mentioned. Any pointers on good mortgage companies - tried Sofi, Lenderfi, Aimloan, LoanDepot, Rocket, Provident and Amerisave.

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