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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
9,848 Comments 1,320,558 Views
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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 19, 2020
46 Posts
Joined Jun 2007
Jun 19, 2020
suthar
Jun 19, 2020
46 Posts
Has anyone had any recent success with Better (or any other lender for that matter) on getting rates <3% on a jumbo loan refinance? Unless I'm missing something, it seems like the really low rates from Better and the other lenders are for loans under $510k.

I'm sitting at 3.25% on a 30-year fixed with a $600k balance from a few years ago, and I haven't seen anything even remotely competitive from anyone. Better offered me 3.875%, but I probably won't even bother playing the "game" to try to get a lower rate from them if it's a losing battle in my situation.

On a side note - this thread is amazing!
Jun 19, 2020
281 Posts
Joined Mar 2010
Jun 19, 2020
hungiema
Jun 19, 2020
281 Posts
Quote from CycloneFW :
In your first to second refi, did you do the second one before you got the credit for the first or did you proceed before getting the credit?
i went for the second refinance before i even got the first credit
Jun 19, 2020
72 Posts
Joined Nov 2017
Jun 19, 2020
Ssyoss
Jun 19, 2020
72 Posts
Quote from hungiema :
i went for the second refinance before i even got the first credit
Did you got your first credit yet? So we can use same card twice huh.
Jun 19, 2020
281 Posts
Joined Mar 2010
Jun 19, 2020
hungiema
Jun 19, 2020
281 Posts
Quote from Ssyoss :
Did you got your first credit yet? So we can use same card twice huh.
yea i got both credits already. the first cred took about 8weeks. the second one took only 4
Jun 19, 2020
34 Posts
Joined Nov 2011
Jun 19, 2020
fatusr
Jun 19, 2020
34 Posts
Quote from suthar :
Has anyone had any recent success with Better (or any other lender for that matter) on getting rates <3% on a jumbo loan refinance? Unless I'm missing something, it seems like the really low rates from Better and the other lenders are for loans under $510k.

I'm sitting at 3.25% on a 30-year fixed with a $600k balance from a few years ago, and I haven't seen anything even remotely competitive from anyone. Better offered me 3.875%, but I probably won't even bother playing the "game" to try to get a lower rate from them if it's a losing battle in my situation.

On a side note - this thread is amazing!
My journey so far on >600k loan for 30yr and ~0 closing cost:

1. Started with uwm broker and got LE for 3%.
2. Better matched and completed everything except signing.
3. Last Thursday when markets tanked, I applied to local CU and got 2.75%.

Better could not match and currently in process with local CU.
Jun 19, 2020
1,536 Posts
Joined Dec 2010
Jun 19, 2020
daw4888
Jun 19, 2020
1,536 Posts
Quote from Zwitterion :
Do any of these lenders provide an LE without having to talk to one of their folks? I really dislike having to deal with mortgage officers.
Lenderfi doesnt require talking to anyone. I put in a fake phone number just to make sure. i got my LE after uploading W2, Paycheck, DL, Mortgage Statement.
Jun 19, 2020
2,520 Posts
Joined Aug 2007
Jun 19, 2020
sleekwallet
Jun 19, 2020
2,520 Posts
Quote from suthar :
Has anyone had any recent success with Better (or any other lender for that matter) on getting rates <3% on a jumbo loan refinance? Unless I'm missing something, it seems like the really low rates from Better and the other lenders are for loans under $510k.

I'm sitting at 3.25% on a 30-year fixed with a $600k balance from a few years ago, and I haven't seen anything even remotely competitive from anyone. Better offered me 3.875%, but I probably won't even bother playing the "game" to try to get a lower rate from them if it's a losing battle in my situation.

On a side note - this thread is amazing!

what? where are you at?

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Jun 19, 2020
5,841 Posts
Joined Nov 2004
Jun 19, 2020
corenom
Jun 19, 2020
5,841 Posts
How do I get a competing offer for a investment property? Finding it hard to find an online resource and don't really want to waste a local mortgage persons time.
Jun 19, 2020
1,005 Posts
Joined Mar 2019
Jun 19, 2020
CycloneFW
Jun 19, 2020
1,005 Posts
Quote from hungiema :
i went for the second refinance before i even got the first credit
Thanks! And did you just use the same login credentials? I haven't tried yet, but I thought I read people having trouble getting a new app in for the same property address.
Jun 19, 2020
281 Posts
Joined Mar 2010
Jun 19, 2020
hungiema
Jun 19, 2020
281 Posts
Quote from CycloneFW :
Thanks! And did you just use the same login credentials? I haven't tried yet, but I thought I read people having trouble getting a new app in for the same property address.
i did use the same login credentials, but the two times i did it was for two different properties. one primary and one investment
Jun 19, 2020
745 Posts
Joined Nov 2006
Jun 19, 2020
vstypicals
Jun 19, 2020
745 Posts
Quote from daw4888 :
Lenderfi doesnt require talking to anyone. I put in a fake phone number just to make sure. i got my LE after uploading W2, Paycheck, DL, Mortgage Statement.
Was it a competitive rate though or was it just their advertised rate on the site?
Jun 19, 2020
1,536 Posts
Joined Dec 2010
Jun 19, 2020
daw4888
Jun 19, 2020
1,536 Posts
Quote from vstypicals :
Was it a competitive rate though or was it just their advertised rate on the site?
Was .25 lower than better offered with 1k more in lender credits.
Jun 19, 2020
1,191 Posts
Joined Nov 2011
Jun 19, 2020
Zwitterion
Jun 19, 2020
1,191 Posts
Quote from daw4888 :
Was .25 lower than better offered with 1k more in lender credits.
Do you know if LenderFi will provide updated LEs? That is, I apply for one today, and in a few days I can generate another one if the market is more favorable? Rates are notching upwards today.
Jun 19, 2020
498 Posts
Joined Apr 2009
Jun 19, 2020
Leorope
Jun 19, 2020
498 Posts
Quote from fatusr :
My journey so far on >600k loan for 30yr and ~0 closing cost:

1. Started with uwm broker and got LE for 3%.
2. Better matched and completed everything except signing.
3. Last Thursday when markets tanked, I applied to local CU and got 2.75%.

Better could not match and currently in process with local CU.
Could you PM local CU?

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Jun 19, 2020
1,536 Posts
Joined Dec 2010
Jun 19, 2020
daw4888
Jun 19, 2020
1,536 Posts
Quote from Zwitterion :
Do you know if LenderFi will provide updated LEs? That is, I apply for one today, and in a few days I can generate another one if the market is more favorable? Rates are notching upwards today.
Idk. Email and ask them.

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