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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 16, 2020 01:44 AM
92 Posts
Joined Jul 2018
prs98Jun 16, 2020 01:44 AM
92 Posts
got a 2.25 rate for 15 year loan with no points and $2400 in credits with Better
is this a good offer?
Jun 16, 2020 01:46 AM
2,521 Posts
Joined Aug 2007
sleekwalletJun 16, 2020 01:46 AM
2,521 Posts
Quote from srp1606 :
got a 2.25 rate for 15 year loan with no points and $2400 in credits with Better
is this a good offer?
yes right now
Jun 16, 2020 01:48 AM
3,205 Posts
Joined Feb 2004
mnsweepsJun 16, 2020 01:48 AM
3,205 Posts
Quote from srp1606 :
got a 2.25 rate for 15 year loan with no points and $2400 in credits with Better
is this a good offer?
for a refi?
Jun 16, 2020 01:50 AM
30 Posts
Joined Nov 2014
varun_v16Jun 16, 2020 01:50 AM
30 Posts
Anyone closed on a new purchase in Chicago/ Illinois area? What was the closing experience like? Any nuances to worry about for state specific documents?
Jun 16, 2020 01:54 AM
90 Posts
Joined Jun 2011
zzrayzzJun 16, 2020 01:54 AM
90 Posts
Quote from adwi :
Is the email from Better read like "your Better Dedicated Concierge as part of the exclusive offer for eligible American Express® Card Members" ?
No, it's the "Welcome to Better.com" email.


Exclusive offer for eligible American Express® Card Members from Better.com
A Better way to refi
As an American Express® Card Member, you have access to an exclusive offer when you refinance a home with us at Better.com — including a $2,500 statement credit, a free appraisal with rush support, and a Better Dedicated Concierge. In order to receive the statement credit, you must close your mortgage by 10/28/2020. See offer terms below.

Take a few minutes now and get one step closer to your refi.
Jun 16, 2020 02:14 AM
92 Posts
Joined Jul 2018
prs98Jun 16, 2020 02:14 AM
92 Posts
Quote from mnsweeps :
for a refi?
yes, thats right.
Jun 16, 2020 02:17 AM
92 Posts
Joined Jul 2018
prs98Jun 16, 2020 02:17 AM
92 Posts
Quote from srp1606 :
yes, thats right.
also could you share your thoughts on
- Is it better to take 30 year and then invest the remaining amount vs taking 15 year loan ?

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Jun 16, 2020 02:18 AM
92 Posts
Joined Jul 2018
prs98Jun 16, 2020 02:18 AM
92 Posts
Quote from sleekwallet :
yes right now
would you recommend locking ?
Jun 16, 2020 02:49 AM
2,521 Posts
Joined Aug 2007
sleekwalletJun 16, 2020 02:49 AM
2,521 Posts
Quote from srp1606 :
would you recommend locking ?

yeah but your guess is as good as mine
Jun 16, 2020 03:02 AM
1,422 Posts
Joined Mar 2005
NoirishJun 16, 2020 03:02 AM
1,422 Posts
Quote from srp1606 :
also could you share your thoughts on
- Is it better to take 30 year and then invest the remaining amount vs taking 15 year loan ?
Everyone's situation is different. However, someone once told me that it's always better to go for a lower monthly payment and invest the rest. That's with the assumption that you will make progressively more salary and 7-8% annual return on your investment. Then that will make your low monthly payment mortgage super cheap as time goes on.
Jun 16, 2020 03:39 AM
2,521 Posts
Joined Aug 2007
sleekwalletJun 16, 2020 03:39 AM
2,521 Posts
Quote from Noirish :
Everyone's situation is different. However, someone once told me that it's always better to go for a lower monthly payment and invest the rest. That's with the assumption that you will make progressively more salary and 7-8% annual return on your investment. Then that will make your low monthly payment mortgage super cheap as time goes on.

yeah I feel the same way
Jun 16, 2020 05:00 AM
3,205 Posts
Joined Feb 2004
mnsweepsJun 16, 2020 05:00 AM
3,205 Posts
Quote from srp1606 :
yes, thats right.
2.25% apr for 15 year is super cheap. I got 2.5% .. which state are you in? I have not closed yet.
Jun 16, 2020 05:23 AM
45 Posts
Joined Apr 2020
MrDiojiJun 16, 2020 05:23 AM
45 Posts
Quote from Mikey122687 :
Competitor Estimate

A+B+C = $9196
E+G+F+H = $3331
D+I = $12,527 - $8,210 = $4317

Better Counter Offer

A+B+C = $1714
E+G+F+H = $3863
D+I = $5577 - $1728 = $3849

Both are $363,000 loan for 2.75% interest rate.

All Better did was moved the loan fees into escrow.
Better beat the competitor by $1,000:
Competitor Loan cost = $9196 - $8210 = $986
Better Loan Coast = $1714 - $1728 = -$14
$986 - (-$14) = $1,000

I don't think they "moved" loan fees into escrow. The escrow estimate is just different, probably based on their assumptions for insurance and taxes. Regardless, escrow is still "your" money. They're just holding it for you.
Jun 16, 2020 05:25 AM
92 Posts
Joined Jul 2018
prs98Jun 16, 2020 05:25 AM
92 Posts
Quote from mnsweeps :
2.25% apr for 15 year is super cheap. I got 2.5% .. Which state are you in? I have not closed yet.
georgia

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Jun 16, 2020 05:33 AM
233 Posts
Joined Jan 2015
slickdealerms1988Jun 16, 2020 05:33 AM
233 Posts
Quote from Cliq :
Chase right now offering me 3% with 0 points jumbo loan. 3.3k closing fee.
do u mind sharing agent details

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