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Greenworld123 1.4M Views
Dec 8, 2019 2:27 PM

Amex offer: $2,500 statement credit for home refinance Better.com

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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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9.8K Comments

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Jun 18, 2020 2:20 AM
2 Comments
Joined Dec 2015
arkazzJun 18, 2020 2:20 AM
2 Comments
Quote from ptmtctetpstmstcstest View quoted comment :
Check Radian and Ravenswood.
Is Radian one of the cheaper ones in Texas? Better assigned them to me directly and my title insurance was $981 and settlement at $160 something.
Jun 18, 2020 2:23 AM
259 Comments
Joined Feb 2018
njdealguyJun 18, 2020 2:23 AM
259 Comments
Quote from xtalxpert View quoted comment :
I don't have Amex card, did this $2500 offer work for anyone who just opened the Amex credit card account, and the next day applied for a mortgage through better.com?
I believe that should work, can apply for one of the no annual fee cards like Amex Everyday
Jun 18, 2020 2:30 AM
205 Comments
Joined Jun 2013
https404Jun 18, 2020 2:30 AM
205 Comments
I have received final loan closure disclosers @3.0% (i did not sign yet) and have another LE @2.75% - can i go back and ask BETTER to match again ?

I also noticed, "Services you can shop for" they have added additional $250 to actual LE given during the lock. Is this common ? Not sure if I can ask for price adjustment.
Can someone clarify ? Thanks in advance
Jun 18, 2020 2:37 AM
1.4K Comments
Joined Jan 2004
seawolfJun 18, 2020 2:37 AM
1.4K Comments
Quote from https404 View quoted comment :
I have received final loan closure disclosers @3.0% (i did not sign yet) and have another LE @2.75% - can i go back and ask BETTER to match again ?

I also noticed, "Services you can shop for" they have added additional $250 to actual LE given during the lock. Is this common ? Not sure if I can ask for price adjustment.
Can someone clarify ? Thanks in advance
What specifically increased, did you use your title/settlement agent? Did any circumstance change?

If you are locked they would be be unlikely to change loan terms as they are bound by their lender agreement on no changing terms after locking.
Jun 18, 2020 2:38 AM
509 Comments
Joined Feb 2012
Mikey122687Jun 18, 2020 2:38 AM
509 Comments
Quote from mrwhitewalker View quoted comment :
Just a bit of an update here since my last post.
  • June 12th, final closing disclosures and has me select my Closing Date. Picked first available with he minimum 3 business days legally. June 16th Closing Selected
  • June 15th. Received New Closing Disclosure with lower Closing Costs
  • June 16th. Received an even newer closing disclosure from the prior day with costs lowered once more. Notary came to my house, wore mask, signed all papers in about an hour or so.
  • June 17th, sent wire for Escrow/cash to close.
  • June 21st is Funding Date
Just for everyones knowledge I was in Forebearance when I started the process.
What does it mean when you're in "Forebearance"?
Jun 18, 2020 2:38 AM
1.4K Comments
Joined Jan 2020
SiennaDeer8270Jun 18, 2020 2:38 AM
1.4K Comments
Quote from njdealguy View quoted comment :
Umm because rates and terms are often better when agree to escrow? I've been successful in removing it a few months later with actual servicer.
How much better? Taxes and insurance around here are like 20k. Are you willing to pony that up to get a few extra credits?
Jun 18, 2020 2:40 AM
1.4K Comments
Joined Jan 2004
seawolfJun 18, 2020 2:40 AM
1.4K Comments
Quote from Mikey122687 View quoted comment :
What does it mean when you're in "Forebearance"?
https://www.google.com/amp/s/www....nance/amp/

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Jun 18, 2020 2:43 AM
135 Comments
Joined Nov 2008
mnageswJun 18, 2020 2:43 AM
135 Comments
Quote from https404 View quoted comment :
I have received final loan closure disclosers @3.0% (i did not sign yet) and have another LE @2.75% - can i go back and ask BETTER to match again ?

I also noticed, "Services you can shop for" they have added additional $250 to actual LE given during the lock. Is this common ? Not sure if I can ask for price adjustment.
Can someone clarify ? Thanks in advance
Yes. After locking they changed/matched two times.
Jun 18, 2020 2:44 AM
125 Comments
Joined Apr 2019
TheDMDJun 18, 2020 2:44 AM
125 Comments
Quote from arkazz View quoted comment :
Is Radian one of the cheaper ones in Texas? Better assigned them to me directly and my title insurance was $981 and settlement at $160 something.
I'm in texas. Better assigned me Radian..
Title - Endorsements $192
Title - Guaranty fee $2
Title - Lender's title insurance $2,337
Title - Settlement fee $225
Title - Tax certificate $75

i asked for the reissue rate of the title but they haven't updated that yet. this seems really high.
Jun 18, 2020 2:46 AM
205 Comments
Joined Jun 2013
https404Jun 18, 2020 2:46 AM
205 Comments
Quote from seawolf View quoted comment :
What specifically increased, did you use your title/settlement agent? Did any circumstance change?

If you are locked they would be be unlikely to change loan terms as they are bound by their lender agreement on no changing terms after locking.
No circumstance changes happened , overall better increased $250

Title - Lender's Title Insurance
Title - Settlement Fee
Title - Endorsements
Included (not present LE)
Credit Report
Flood Certification
Title - CPL
Jun 18, 2020 2:47 AM
205 Comments
Joined Jun 2013
https404Jun 18, 2020 2:47 AM
205 Comments
Quote from mnagesw View quoted comment :
Yes. After locking they changed/matched two times.
Thank you!
Jun 18, 2020 2:51 AM
259 Comments
Joined Feb 2018
njdealguyJun 18, 2020 2:51 AM
259 Comments
Quote from SiennaDeer8270 View quoted comment :
How much better? Taxes and insurance around here are like 20k. Are you willing to pony that up to get a few extra credits?
And that 20k has to be paid in any case, escrow or not. I know that escrow can suck especially when are asked to overpay some reserve amounts on top of what's actually due. However would you give up 2k in lender credits or accept an interest rate of .125% higher to remove escrow (or take the chance that some months down the line after closing can again remove it)? That was the difference quoted to me for a 500k 30 yr loan with LoanDepot
Last edited by njdealguy June 17, 2020 at 07:53 PM.
Jun 18, 2020 3:10 AM
374 Comments
Joined Mar 2014
WreflectJun 18, 2020 3:10 AM
374 Comments
Quote from xtalxpert View quoted comment :
I don't have Amex card, did this $2500 offer work for anyone who just opened the Amex credit card account, and the next day applied for a mortgage through better.com?
Yes. I literally signed up just for this offer.
Jun 18, 2020 3:10 AM
1K Comments
Joined Mar 2019
CycloneFWJun 18, 2020 3:10 AM
1K Comments
Quote from njdealguy View quoted comment :
And that 20k has to be paid in any case, escrow or not. I know that escrow can suck especially when are asked to overpay some reserve amounts on top of what's actually due. However would you give up 2k in lender credits or accept an interest rate of .125% higher to remove escrow (or take the chance that some months down the line after closing can again remove it)? That was the difference quoted to me for a 500k 30 yr loan with LoanDepot
It all varies from offer to offer. When I'm cross-shopping, my initial checks everywhere are with escrow. Then as I narrow it down to a few, I look into what the difference is for waiving escrow. For my Better offer, the CU I used as the competing offer didn't charge anything to waive escrow. Every single option in my point selections was $404 higher. That $404 could easily be worth waiving it. However, the next person may find it MUCH more of a difference.

Thankfully, in the end, I pushed Better b/c the CU didn't penalize me for waiving escrow and Better agreed to give me the lower point cost w/o adding the escrow in.

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Jun 18, 2020 3:13 AM
5.9K Comments
Joined Nov 2014
ftee123Jun 18, 2020 3:13 AM
5.9K Comments
Signed my loan docs. 2.5 interest rate for 15 years. Cost $2500 fee and points. Hopefully close within a week.

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