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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.
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
498 Posts
Joined Apr 2009
Jun 16, 2020
Leorope
Jun 16, 2020
498 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?
I wonder how you got that. I'm in GA too and refinancing with excellent credit. Got nowhere close that hell of a deal.
Jun 16, 2020
1,006 Posts
Joined Jan 2008
Jun 16, 2020
lowmazda
Jun 16, 2020
1,006 Posts
Florida - $280k property value / $157k mortgage. 15yr fixed

Getting rates with Better.com as close to no points as possible.

3.375 $261 in points.

AimLoan.com is showing 2.875 with $602 in points.

Better is $2,460 in points for the same rate.

Do I have to apply for the loan through Aim or is a screen shot of their rates enough to try and get Better to match?
Jun 16, 2020
321 Posts
Joined Dec 2007
Jun 16, 2020
Big_Sexy
Jun 16, 2020
321 Posts
Quote from lowmazda :
Florida - $280k property value / $157k mortgage. 15yr fixed

Getting rates with Better.com as close to no points as possible.

3.375 $261 in points.

AimLoan.com is showing 2.875 with $602 in points.

Better is $2,460 in points for the same rate.

Do I have to apply for the loan through Aim or is a screen shot of their rates enough to try and get Better to match?
Better.com will require a Loan Estimate doc from the other lender that shows the ABCs etc. broken down by sections. They will match the rate and beat the ABC total sum by a $1000 if approved. In most cases this will require a loan application at a minimum
Jun 16, 2020
5,310 Posts
Joined Jul 2004
Jun 16, 2020
Gdog2004
Jun 16, 2020
5,310 Posts
I got 2.5% no points/no credits 15 year fixed in PA....
Jun 16, 2020
1,894 Posts
Joined Feb 2006
Jun 16, 2020
indymale
Jun 16, 2020
1,894 Posts
Quote from srp1606 :
georgia
This is an awesome rate! I don't think I've heard anyone in this thread get 2.25 so far, nice job!
I'm in GA as well, but I don't want 15 year loan since I just moved to 20 year.
Jun 16, 2020
1,894 Posts
Joined Feb 2006
Jun 16, 2020
indymale
Jun 16, 2020
1,894 Posts
I have no way to explain this, but I close on May 13 and my Amex credit just showed up in my email and my account.
I got an email saying "You've earned Amex Statement Credit" and then I check my account which shows the $2500 credit.
I closed at 3.375 for 20 year, so hoping to refinance one more time soon.
Jun 16, 2020
350 Posts
Joined Jun 2012
Jun 16, 2020
flyeaglesfly33
Jun 16, 2020
350 Posts
Quote from Gdog2004 :
I got 2.5% no points/no credits 15 year fixed in PA....
Can you explain how you got that? I'm in PA too and that's exactly what I am looking for.

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Jun 16, 2020
200 Posts
Joined Jun 2013
Jun 16, 2020
stephenabs
Jun 16, 2020
200 Posts
Quote from srp1606 :
georgia
Could you share what lender gave you the offer?
Jun 16, 2020
489 Posts
Joined Feb 2012
Jun 16, 2020
Mikey122687
Jun 16, 2020
489 Posts
Who here got 2.5% for 30 years with $0 cost or better (credit)?
Jun 16, 2020
489 Posts
Joined Feb 2012
Jun 16, 2020
Mikey122687
Jun 16, 2020
489 Posts
Quote from MrDioji :
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.
Is this a good deal?
Jun 16, 2020
1,017 Posts
Joined Jul 2010
Jun 16, 2020
Yuge
Jun 16, 2020
1,017 Posts
Quote from Gdog2004 :
I got 2.5% no points/no credits 15 year fixed in PA....
Good deal for PA
Jun 16, 2020
1,260 Posts
Joined Jan 2006
Jun 16, 2020
LX_Shrek
Jun 16, 2020
1,260 Posts
Just walked out of my closing.

15yr, 2.375%, no points

Tennessee
Jun 16, 2020
606 Posts
Joined Dec 2013
Jun 16, 2020
cdancer20
Jun 16, 2020
606 Posts
So my refinance is FINALLY done. I think I am on the tail end of how bad the process can go. I mean it's still a hell of a deal. I'm dropping PMI and lowering interest rate by 1% but I just hate that I didn't have as great of an experience as everyone else. Note, I completed all tasks same day. My income and taxes were pulled automatically on their side.

04/23 - Loan Lock at 3.25% with $4800 credit after matching LenderFi
04/24 - Conditionally approved
04/30 - Appraisal waived
<Multiple counts of them changing my requested loan amount>
05/12 - Initial disclosure sent (Loan amount still wrong.)
05/13 - Appraisal required (exterior only)
05/13 - Appraisal scheduled (Better ordered interior)
05/15 - Multiple calls and emails to Better go ignored and they don't cancel the interior appraisal
05/15 - Appraisal
05/20 - Final appraisal sent to Better
05/27 - Better claims that they are still waiting on final appraisal.
05/27 - Direct Better to response from appraisal and MAGICALLY they see the completed appraisal
05/28 - Appraisal came in lower than estimated appraisal so they remove $1000 in Lender credit. Mind you, this was a matched rate. (Loan amount still wrong.)
05/29 - Plenty of complaints lead closer to request a concession from management which puts me about $100 in lender credit higher than originally.
06/05 - Closing rescheduled
06/09 - Closing
06/15 - Funded
06/15 - Rate lock expiration date.

So all in all it took almost 7 weeks from rate lock to closing and 8 weeks from rate lock to funding.
Jun 16, 2020
34 Posts
Joined Jan 2011
Jun 16, 2020
tuck3979
Jun 16, 2020
34 Posts
Quote from Mikey122687 :
Who here got 2.5% for 30 years with $0 cost or better (credit)?
Best 30-year i've gotten is 2.625% no-cost from Lenderfi (A+B+C+E = $1200 / Credit = $1300), Better refused to match. Ended up taking a 2.75% at Better with 4k in credits plus AMEX 2500 on top.

Better also offered me a 2.25% 15-year with 3k in credits. It's getting more competitive out there for sure.

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Jun 16, 2020
45 Posts
Joined Apr 2020
Jun 16, 2020
MrDioji
Jun 16, 2020
45 Posts
Quote from lowmazda :
Florida - $280k property value / $157k mortgage. 15yr fixed

Getting rates with Better.com as close to no points as possible.

3.375 $261 in points.

AimLoan.com is showing 2.875 with $602 in points.

Better is $2,460 in points for the same rate.

Do I have to apply for the loan through Aim or is a screen shot of their rates enough to try and get Better to match?
Aimloan will give you a Loan Estimate without a hard inquiry if your credit report is frozen. Just go through the application process on their site with EX, EQ, and TU frozen.

Also, Amerisave will give you a copy of your mortgage FICO scores from all 3 bureaus with just a soft credit pull. Your credit report would need to be unfrozen for this. Mortgage FICO are different than the credit card FICOs (e.g. if your bank shows your FICO score, or if you got it from a recent credit card application), and from the FAKO scores on Credit Karma, Mint, etc.
Last edited by MrDioji June 16, 2020 at 07:44 AM.

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