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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 19, 2020
91 Posts
Joined Jul 2018
Jun 19, 2020
prs98
Jun 19, 2020
91 Posts
Quote from MBster :
Credit Reports: $30
Flood Cert: $14
Lender's Title Ins (Radian): $450
Settlement Fee (Radian): $450
which location ? may i know who is the settlement agency ?
Jun 19, 2020
645 Posts
Joined May 2013
Jun 19, 2020
MBster
Jun 19, 2020
645 Posts
Quote from srp1606 :
which location ? may i know who is the settlement agency ?
MD, Radian is the settlement company (Better's)
Jun 19, 2020
91 Posts
Joined Jul 2018
Jun 19, 2020
prs98
Jun 19, 2020
91 Posts
Quote from MBster :
MD, Radian is the settlement company (Better's)
i meant who is the closing company [should not be radian something else] ?
Last edited by srp1606 June 19, 2020 at 04:11 PM.
Jun 19, 2020
745 Posts
Joined Nov 2006
Jun 19, 2020
vstypicals
Jun 19, 2020
745 Posts
For those of you with no-cost loans (offset by lender credits), is your APR the same as the interest rate or slightly higher? Shouldn't they be the same?
Jun 19, 2020
45 Posts
Joined Apr 2020
Jun 19, 2020
MrDioji
Jun 19, 2020
45 Posts
Quote from vstypicals :
For those of you with no-cost loans (offset by lender credits), is your APR the same as the interest rate or slightly higher? Shouldn't they be the same?
I don't think it includes Lender Credits (under J). I believe it's just the Loan Costs, D (A+B+C). I am basing this on the fact that my APR stayed the same, even after getting a bunch of lender credits "added" in J. I don't think E would be included, since it's not a "Loan Cost".

Also, not sure why you asked this question twice in an hour.
Jun 19, 2020
745 Posts
Joined Nov 2006
Jun 19, 2020
vstypicals
Jun 19, 2020
745 Posts
Quote from MrDioji :
I don't think it includes Lender Credits (under J). I believe it's just the Loan Costs, D (A+B+C). I am basing this on the fact that my APR stayed the same, even after getting a bunch of lender credits "added" in J. I don't think E would be included, since it's not a "Loan Cost".

Also, not sure why you asked this question twice in an hour.
I have 3 LEs, and all are no-cost loans. 1 has APR same as interest rate where the other two are slightly higher than the 2.75% I was given.

My understanding was that it was A + B + C + E - (minus) lender credits.

The company with the APR that matches the interest rate in their LE won't go lower because they said Better.com's APR is higher even though it had less closing costs after lender credits.
Last edited by vstypicals June 19, 2020 at 04:28 PM.
Jun 19, 2020
1,191 Posts
Joined Nov 2011
Jun 19, 2020
Zwitterion
Jun 19, 2020
1,191 Posts
Quote from Yuge :
Lucky you - Arnold is a pain
Whachoo talkin' 'bout Willis?!

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Jun 20, 2020
3,538 Posts
Joined May 2006
Jun 20, 2020
soobaerodude
Jun 20, 2020
3,538 Posts
Quote from batchstop :
I'm interested in this as well - I haven't seen anything personally below 3.25 for 30 year jumbo refi.
If you're in California, owning.com has high-balance conforming ($765k) for 3.125% 30-year
Jun 20, 2020
645 Posts
Joined May 2013
Jun 20, 2020
MBster
Jun 20, 2020
645 Posts
Quote from srp1606 :
i meant who is the closing company [should not be radian something else] ?
ENS, Inc? A mobile notary came to our house for ~1 hr to go over signing all the closing paperworks.
Jun 20, 2020
41,440 Posts
Joined Apr 2006
Jun 20, 2020
SDRebel
Jun 20, 2020
41,440 Posts
Quote from MrDioji :
Try Aimloan. I got several LE's from them with my credit reports frozen/locked and they had the best rates that I could find.
I didn't end up getting a LE from them, but they did show good rates
Jun 20, 2020
633 Posts
Joined Feb 2007
Jun 20, 2020
techoin
Jun 20, 2020
633 Posts
I am on my third round. Same property. Used different account and different credit card so far. My loan closing costs are 1.7K so every time along with lower interest rate its money maker

Round I - 3.625% with 4.7K lender credit. Closed in Feb. Amex credit posted after 6 weeks
Round II - 3.25% with 4.3K lender credit. Closed in April. Still waiting for Amex credit. Its 7 weeks already
Round III - 2.875 with 4.7K lender credit. In process.

If AMEX credit posts for all this will be the slickest deal ever. If not still worth it. Savings of thousands of dollar in interest plus each refinance is money maker.
1
Jun 20, 2020
2,581 Posts
Joined Feb 2008
Jun 20, 2020
LeaninBack916
Jun 20, 2020
2,581 Posts
Quote from flyeaglesfly33 :
I hear you. I finally got him to respond and match AIM for me, but he is saying they can't match if I don't want to bring any money to closing.
How long did it take? It's been 3 days for me already with Arnie.
Jun 20, 2020
2,799 Posts
Joined Nov 2013
Jun 20, 2020
AJDemineh
Jun 20, 2020
2,799 Posts
bit off topic, but wondering if some SDers can provide input on these two offers:

Currently, I am looking at 2 separate offers at 15 year fixed for a 109K loan:

1 is for 3% with 0 points and 3K Closing costs

2 is for 2.875% with 0 points and 4-4.5K Closing costs

Wondering how good these offers are in California currently, im in zip code 93013.

Both banks told me that the rates are slightly higher due to the loan amount being less than 200K.
Not looking for the absolute best rate, as long as they are good, I'm happy. But if it would be pretty easy to find a bit better rate with lower closing costs, I do have the time to do so.

Also, are there any other numbers I should be focusing on beside the interest rate and total closing costs?
Jun 20, 2020
2,520 Posts
Joined Aug 2007
Jun 20, 2020
sleekwallet
Jun 20, 2020
2,520 Posts
Quote from AJDemineh :
bit off topic, but wondering if some SDers can provide input on these two offers:

Currently, I am looking at 2 separate offers at 15 year fixed for a 109K loan:

1 is for 3% with 0 points and 3K Closing costs

2 is for 2.875% with 0 points and 4-4.5K Closing costs

Wondering how good these offers are in California currently, im in zip code 93013.

Both banks told me that the rates are slightly higher due to the loan amount being less than 200K.
Not looking for the absolute best rate, as long as they are good, I'm happy. But if it would be pretty easy to find a bit better rate with lower closing costs, I do have the time to do so.

Also, are there any other numbers I should be focusing on beside the interest rate and total closing costs?
those closing costs are kind of high, did you try lenderfi and better?

hard to compare if we dont know the length and amounts

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Jun 20, 2020
837 Posts
Joined Dec 2006
Jun 20, 2020
t.i.
Jun 20, 2020
837 Posts
Quote from techoin :
I am on my third round. Same property. Used different account and different credit card so far. My loan closing costs are 1.7K so every time along with lower interest rate its money maker

Round I - 3.625% with 4.7K lender credit. Closed in Feb. Amex credit posted after 6 weeks
Round II - 3.25% with 4.3K lender credit. Closed in April. Still waiting for Amex credit. Its 7 weeks already
Round III - 2.875 with 4.7K lender credit. In process.

If AMEX credit posts for all this will be the slickest deal ever. If not still worth it. Savings of thousands of dollar in interest plus each refinance is money maker.
Who are you using for round 3?

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