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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My wife and I both have pretty strong credit (high 700s, low 800s depending on reporting agency).
We financed our house 2 years ago, 30 years at 4.785%. Through Better, we recently got 3.5% on a 20-year loan (after buying down .126% for $286 OOP), but nothing close to sub-3% without having to drop significant $$. And our estimated cost to close (not including $2,500 Amex credit) is $5600.
Did I mess up?
I went through the application a few times to get LE's for different rates and term lengths.
I went through the application a few times to get le's for different rates and term lengths.
My wife and I both have pretty strong credit (high 700s, low 800s depending on reporting agency).
We financed our house 2 years ago, 30 years at 4.785%. Through Better, we recently got 3.5% on a 20-year loan (after buying down .126% for $286 OOP), but nothing close to sub-3% without having to drop significant $$. And our estimated cost to close (not including $2,500 Amex credit) is $5600.
Did I mess up?
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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!
Is it just A + B + C + E - lender credits?
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06/15: Better - 3.000% with a loan cost of $2,399 ("D" - Lender Credit)
06/16: LoanDepot - 2.990% with a loan cost of $4,013
06/17: LenderFi - 2.750% with a loan cost of $969
Then the following timeline:
06/17: I submitted LenderFi's loan estimate to both Better and LoanDepot.
06/18: LoanDepot stayed firm.
06/19: Better's concierge called me to tell me that they can match it. They would not beat it by $1,000, as the Better Price Guarantee cannot be combined with any other promotion (e.g., the Amex $2,500 promotion). I authorized a hard pull and locked the rate. Better has ordered an appraisal, and I am now waiting for the process to continue.
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