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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 1,320,963 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 22, 2020
606 Posts
Joined Dec 2013
Jun 22, 2020
cdancer20
Jun 22, 2020
606 Posts
Quote from lowmazda :
How did you notify Better of a previous title insurance? Did they find it in a search or did you have to produce a copy of the previous policy?
They found it automatically during the title search.
Jun 22, 2020
1,005 Posts
Joined Mar 2019
Jun 22, 2020
CycloneFW
Jun 22, 2020
1,005 Posts
Quote from cdancer20 :
This was not my experience. Better funded on the 15th. Closer sent on the 15th. Old lender credited pay off on the 15th. I would say it depends on the settlement agent.
Well, I did include that it is possible for the settlement agent sends it out the same day. I'm glad some are better set up for that than others.

I am glad in your case they did that. They have dragged you along far enough that it's good they got the payoff applied ASAP. Congrats on finally closing!
Jun 22, 2020
606 Posts
Joined Dec 2013
Jun 22, 2020
cdancer20
Jun 22, 2020
606 Posts
Quote from CycloneFW :
Well, I did include that it is possible for the settlement agent sends it out the same day. I'm glad some are better set up for that than others.

I am glad in your case they did that. They have dragged you along far enough that it's good they got the payoff applied ASAP. Congrats on finally closing!
You stated that it was uncommon so I just wanted to share my "uncommon" situation. Note that I used an outside closer so maybe that added to it. It's crazy though that any settlement agent would wait over a day (or more) for the money to clear. That's supposed to be the point of wiring. The money is available and cleared immediately, right? Also, I would imagine that it depends on the time of day that Better wires the money. I stayed on them to make sure that it was sent out immediately so I wasn't charged a late fee for June.
Jun 22, 2020
1,005 Posts
Joined Mar 2019
Jun 22, 2020
CycloneFW
Jun 22, 2020
1,005 Posts
Quote from cdancer20 :
You stated that it was uncommon so I just wanted to share my "uncommon" situation. Note that I used an outside closer so maybe that added to it. It's crazy though that any settlement agent would wait over a day (or more) for the money to clear. That's supposed to be the point of wiring. The money is available and cleared immediately, right? Also, I would imagine that it depends on the time of day that Better wires the money. I stayed on them to make sure that it was sent out immediately so I wasn't charged a late fee for June.
Yeah. It definitely sounds like Better wired the funds in the AM as even your old lender applied it same day. The one silver lining after the trouble you ran into. Smilie
Jun 22, 2020
10,362 Posts
Joined Dec 2006
Jun 22, 2020
Switching2Geico
Jun 22, 2020
10,362 Posts
Im still shoppin for a refin. Is there any company that will offer a good rate on a loan at $560k and give good rate? Aimloan gave good rate but only to 510k for my county in california
Jun 22, 2020
281 Posts
Joined Mar 2010
Jun 22, 2020
hungiema
Jun 22, 2020
281 Posts
i found a place with good rates, but they wont provide a LE and only a loan summary. is that good enough? how i can get them to give me a LE.. they want me to lock in before giving it to me.
Jun 22, 2020
2,520 Posts
Joined Aug 2007
Jun 22, 2020
sleekwallet
Jun 22, 2020
2,520 Posts
Quote from hungiema :
i found a place with good rates, but they wont provide a LE and only a loan summary. is that good enough? how i can get them to give me a LE.. they want me to lock in before giving it to me.

I think thats illegal

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Jun 22, 2020
281 Posts
Joined Mar 2010
Jun 22, 2020
hungiema
Jun 22, 2020
281 Posts
Quote from sleekwallet :
I think thats illegal
thats what i thought!! i think its just getting trickier and trickier to get LE these days...
Jun 22, 2020
2,128 Posts
Joined Jul 2008
Jun 22, 2020
flyersrule
Jun 22, 2020
2,128 Posts
Quote from baronvdb :
See attached. Loan amount is $276,700
Who did you use?
Jun 22, 2020
281 Posts
Joined Mar 2010
Jun 22, 2020
hungiema
Jun 22, 2020
281 Posts
Quote from sleekwallet :
I think thats illegal
so he's saying that they do provide it but compliance does it, not him and they have up to 3 days by federal law to send them.
Jun 22, 2020
1,005 Posts
Joined Mar 2019
Jun 22, 2020
CycloneFW
Jun 22, 2020
1,005 Posts
Quote from hungiema :
so he's saying that they do provide it but compliance does it, not him and they have up to 3 days by federal law to send them.
Yes. And putting it in US mail meets the obligations of those 3 days as long as the postmark is within those 3 days. Email is not a requirement. So if they want, they could take a week before you have it in your hands.

What is the reason you do not want to lock the rate with this lender though?
Jun 22, 2020
281 Posts
Joined Mar 2010
Jun 22, 2020
hungiema
Jun 22, 2020
281 Posts
Quote from CycloneFW :
Yes. And putting it in US mail meets the obligations of those 3 days as long as the postmark is within those 3 days. Email is not a requirement. So if they want, they could take a week before you have it in your hands.

What is the reason you do not want to lock the rate with this lender though?
other than trying to see if better can match it.. if they cant, i might just go with the lender.
Jun 22, 2020
1,005 Posts
Joined Mar 2019
Jun 22, 2020
CycloneFW
Jun 22, 2020
1,005 Posts
Quote from hungiema :
other than trying to see if better can match it.. if they cant, i might just go with the lender.
If you lock with this lender, that doesn't stop you from seeing if Better will beat it.
Jun 22, 2020
281 Posts
Joined Mar 2010
Jun 22, 2020
hungiema
Jun 22, 2020
281 Posts
if i lock with them, i can still go with better? i didnt know that..what do i need to do to do that?

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Jun 22, 2020
606 Posts
Joined Dec 2013
Jun 22, 2020
cdancer20
Jun 22, 2020
606 Posts
Quote from hungiema :
if i lock with them, i can still go with better? i didnt know that..what do i need to do to do that?
You aren't forced to stay with the lender if you lock. However, if they have an application fee or you have to pay immediately when you lock, you won't get that money back.

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