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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.
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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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Pro
Jun 20, 2020
1,837 Posts
Joined Mar 2008
Jun 20, 2020
SirLinux
Pro
Jun 20, 2020
1,837 Posts
Sorry, we couldn't find loans for your scenario..

Is this because I am trying to refinance only about $75000? Home value is ~ $300K.
Jun 20, 2020
91 Posts
Joined Jul 2018
Jun 20, 2020
prs98
Jun 20, 2020
91 Posts
Quote from baronvdb :
Yep, I locked earlier this week. Original LE had like $1500 in title insurance. When I got the auto email from the better rep that was handling the title stuff I told him I thought betters numbers looked a little high and they came back letting me know they adjusted it to the reissue rate of like $800. My original home purchase was December 2015, also in Florida.

Better also had a settlement fee of $500 to start with and I was able to get a competing quote and email it to better and they adjusted my LE to give me $250 more in credits to make up for the higher settlement fee.

It's ain't over yet but so far so good dealing with them.
So how much was the total title costs ?
Jun 20, 2020
499 Posts
Joined Apr 2009
Jun 20, 2020
Leorope
Jun 20, 2020
499 Posts
Quote from kesco :
I closed my Better re-fi this past week.

2.875% 30 yr fixed
2.893% APY
A+B+C=$1182 (A was 0, B was $47 - remainder was attorney/title re-issue)
J=x-$1525 (credit)

I explicitly did prepaids to get the full credit, will get out of the impounds later (paperwork I signed clearly states it's optional but I requested it).

Then I get the $2500 AMEX.

Insane deal.
That's amazing. Did you match with another lender? If so, could you share? PM is cool too.
Jun 20, 2020
1,773 Posts
Joined May 2006
Jun 20, 2020
baronvdb
Jun 20, 2020
1,773 Posts
Quote from srp1606 :
So how much was the total title costs ?
See attached. Loan amount is $276,700
Jun 20, 2020
1,280 Posts
Joined Oct 2007
Jun 20, 2020
Nailer
Jun 20, 2020
1,280 Posts
Quote from braveheart2012 :
anyone got better rate in NJ area ? please let me know.
I got 2.875 with approx $2.5k closing cost. (no points)
Jun 20, 2020
91 Posts
Joined Jul 2018
Jun 20, 2020
prs98
Jun 20, 2020
91 Posts
Quote from baronvdb :
See attached. Loan amount is $276,700
Is it 800 + 250 = 1050 ?
Jun 20, 2020
1,006 Posts
Joined Jan 2008
Jun 20, 2020
lowmazda
Jun 20, 2020
1,006 Posts
Quote from SirLinux :
Sorry, we couldn't find loans for your scenario..

Is this because I am trying to refinance only about $75000? Home value is ~ $300K.

Try doing a refi with cash out and see what comes up. Worst case scenario you dump that cash right back in to princpal. It'll make your payment a bit higher because of the cashout, but the life of the loan would be shorter.

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Jun 20, 2020
1,773 Posts
Joined May 2006
Jun 20, 2020
baronvdb
Jun 20, 2020
1,773 Posts
Quote from srp1606 :
Is it 800 + 250 = 1050 ?

Not sure I follow your question. The $250 is a credit. That is $$ better is paying me.

C. Services You Can Shop For $1,571
Title - Endorsements $111
Title - Lender's title Ins. $860 (reissue rate, was over $1,500 on original LE)
Title - Search abstract $100
Title - Settlement fee $500

Credit from better ($250)

So that brings my "C" costs $1,321.
Jun 20, 2020
2,710 Posts
Joined Aug 2006
Jun 20, 2020
YCG
Jun 20, 2020
2,710 Posts
Quote from lowmazda :
Try doing a refi with cash out and see what comes up. Worst case scenario you dump that cash right back in to princpal. It'll make your payment a bit higher because of the cashout, but the life of the loan would be shorter.
The poster should look up the tax consequences of a cash out refi. It will not be worth it. I thought about doing a cash out refi myself but decided against it once I researched the tax issues.
Jun 20, 2020
728 Posts
Joined Dec 2008
Jun 20, 2020
braveheart2012
Jun 20, 2020
728 Posts
Quote from Nailer :
I got 2.875 with approx $2.5k closing cost. (no points)
can you give me more details. is it through better. com or through some other vendor and then you matched with better.com?
Jun 20, 2020
109 Posts
Joined Oct 2010
Jun 20, 2020
crazychomp
Jun 20, 2020
109 Posts
How do I get my Loan Estimate from LenderFi? All I got was a Conditional Approval Letter, but Better.com needs the Loan Estimate to see if they can match. Thank you! Smilie
Jun 20, 2020
2,021 Posts
Joined Feb 2008
Jun 20, 2020
stm69
Jun 20, 2020
2,021 Posts
Quote from stm69 :
Round 2 here we go. Locked 2.875 30 year 385K loan with $3K in credits.
App/rate lock 6/9, received closing disclosures today, closing set for 6/24. A little bit quicker than my first round.
Jun 20, 2020
19 Posts
Joined Jan 2015
Jun 20, 2020
inderjas16
Jun 20, 2020
19 Posts
Quote from hungiema :
yea i got both credits already. the first cred took about 8weeks. the second one took only 4
Hi ,

I Already Got credit once and want to Use offer again . Should i create New Better .com account as when i start application again . it takes back me to old application . Should i use same creadit card with which offer is attached or i can use another card too .
Jun 20, 2020
1,005 Posts
Joined Mar 2019
Jun 20, 2020
CycloneFW
Jun 20, 2020
1,005 Posts
Quote from YCG :
The poster should look up the tax consequences of a cash out refi. It will not be worth it. I thought about doing a cash out refi myself but decided against it once I researched the tax issues.
In this scenario, there wouldn't be tax consequences. The equity over the prior loan amount wouldn't be tax-advantaged, but it is paid back within a month or two, leaving the prior loan balance left. And this assumes the poster can even take the tax deduction for this anymore.

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Jun 20, 2020
19 Posts
Joined Jan 2015
Jun 20, 2020
inderjas16
Jun 20, 2020
19 Posts
Quote from stm69 :
App/rate lock 6/9, received closing disclosures today, closing set for 6/24. A little bit quicker than my first round.
Hi ,

I Already Got credit once and want to Use offer again . Should i create New Better .com account as when i start application again . it takes back me to old application . Should i use same creadit card with which offer is attached or i can use another card too .Also To get lender credit what should be approach .

Thanks
inderjas16

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