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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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Jun 23, 2020
8 Posts
Joined Apr 2020
Jun 23, 2020
EfficientCaption737
Jun 23, 2020
8 Posts
Quote from duasto :
Also just asked better about refinancing again. My agent told me there is a 180 days cooldown. This just really tells me that these agents dont have a proper training as other able to refinance again without waiting for 180 days.
Six months, that applies to cash out refinance I believe. You don't even have to talk with anyone while applying second time.
Jun 23, 2020
30 Posts
Joined Nov 2014
Jun 23, 2020
varun_v16
Jun 23, 2020
30 Posts
Quote from DogAndPony :
Cool!

My closing is on Monday. I plan on applying again before July 25 in case the rates drop before the end of October and I can take advantage of the offer again.
Were you closing on a new purchase? How did it go?
Jun 23, 2020
7,483 Posts
Joined Sep 2008
Jun 23, 2020
DogAndPony
Jun 23, 2020
7,483 Posts
Quote from varun_v16 :
Were you closing on a new purchase? How did it go?
New purchase. It went fine. Loan was funded timely and now I'm just waiting for the credit. I did get a couple of new tasks after the closing, which was odd. I reached out to the closing expert and he said it's a known problem and I can disregard.
Jun 23, 2020
1,280 Posts
Joined Oct 2007
Jun 23, 2020
Nailer
Jun 23, 2020
1,280 Posts
Quote from Mikey122687 :
Just curious to see if anyone gotten 2.625% with $0 closing cost (Loan cost - Lender Credits) for a 30 years conventional 300k-500k loan.

Best I got is 2.625% with $2,714 Loan Costs $0 credit.
could you please which state you are in?
Jun 23, 2020
45 Posts
Joined Apr 2020
Jun 23, 2020
MrDioji
Jun 23, 2020
45 Posts
Quote from HarryS4062 :
Most people don't see the offer and you do not need to see the offer to be eligible. It works so long as it is NOT the AU card that you submit for credit prior to closing. Also card cannot be a cobranded card like Delta/Macys. So in your case, make sure that the main Amex card holder (not you) is a co-borrower. You can add co-borrower even after starting the application. Use that persons Amex to get the credit.
Yes you can submit that LE from aimloan to Better to get matched.
You can try shopping around a bit more. That rate looks a bit on the higher side.
Co-branded cards, like Delta and Hilton would work. It just has to be an American Express issued personal card. A good indicator is if the card can be signed up for from Americanexpress.com. Many "Amex" cards are not issued by American Express, like store cards.
Jun 23, 2020
281 Posts
Joined Mar 2010
Jun 23, 2020
hungiema
Jun 23, 2020
281 Posts
damn, better wont match my competitors LE without requiring escrow. if i take it with escrow. i can remove it later? my loan is 75% ltv
Jun 23, 2020
8 Posts
Joined Apr 2020
Jun 23, 2020
EfficientCaption737
Jun 23, 2020
8 Posts
Quote from polvoprismboy :
How long did the approval process take for everyone? It's been about 2.5 weeks waiting for Better to began closing. I emailed them and they said it was due to the title company dragging their feet. I just want to get this finished ASAP.
I applied 6/1. It moved to approved status today (6/23).

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Jun 23, 2020
25 Posts
Joined Jun 2020
Jun 23, 2020
BhallaSingh
Jun 23, 2020
25 Posts
Quote from MrDioji :
Co-branded cards, like Delta and Hilton would work. It just has to be an American Express issued personal card. A good indicator is if the card can be signed up for from Americanexpress.com. Many "Amex" cards are not issued by American Express, like store cards.
Contacted Amex directly under primary, Delta AMEX, and they indicated not eligible under Delta one, but since primary has gold, he is eligible under that
Jun 23, 2020
569 Posts
Joined Sep 2005
Jun 23, 2020
bumoftheday
Jun 23, 2020
569 Posts
Just locked 2.625% 20 year with $623 lender credit. Matched a $850 in points 2.625% offer from a local broker. The broker put the re-issue cost of the title, better has the non-reissue cost which will probably drop later in the process. Also included the $550 appraisal in the match, so hopefully it will end up about $2000 cheaper than the broker + the $2500 credit.
Last edited by bumoftheday June 23, 2020 at 12:17 PM.
Jun 23, 2020
7,483 Posts
Joined Sep 2008
Jun 23, 2020
DogAndPony
Jun 23, 2020
7,483 Posts
Quote from hungiema :
damn, better wont match my competitors LE without requiring escrow. if i take it with escrow. i can remove it later? my loan is 75% ltv
I've read in this thread that others have been able to do that.
Jun 23, 2020
17 Posts
Joined Nov 2013
Jun 23, 2020
Jukebug
Jun 23, 2020
17 Posts
If Better's credit is larger than all fees and prepaids (no escrow), do they end up writing you a check at closing?

I just got my property tax bill, which is currently included as a cost in the prepaids section of my LE. My closing agent has said I can pay it myself and they will remove it (with proof of payment). While I would like to do this, the credit would then end up being roughly $1,000 more than the total fees/prepaids. Would this be an issue?
Jun 23, 2020
91 Posts
Joined Jul 2018
Jun 23, 2020
prs98
Jun 23, 2020
91 Posts
Quote from hungiema :
i Pmed you
can you pm me as well pls.
Jun 23, 2020
1,017 Posts
Joined Jul 2010
Jun 23, 2020
Yuge
Jun 23, 2020
1,017 Posts
Quote from hungiema :
damn, better wont match my competitors LE without requiring escrow. if i take it with escrow. i can remove it later? my loan is 75% ltv
If not locked you can do yourself, there is an option to select to include/exclude escrow before locking
Jun 23, 2020
2,581 Posts
Joined Feb 2008
Jun 23, 2020
LeaninBack916
Jun 23, 2020
2,581 Posts
Quote from hungiema :
damn, better wont match my competitors LE without requiring escrow. if i take it with escrow. i can remove it later? my loan is 75% ltv
Odd... maybe because it's closer to the 80%? I have about 60% ltv and on my refi months ago and this attempt... no escrow was easy.

And yeah I would press them a bit more. Once you get escrow... getting rid of it is usually a no go unless you have a bank that allows it or you refi... I would go for no escrow... these companies are the worst to deal with. As mentioned many pages back, being able to do things like get credit card rewards for homeowners or to pay cash for your property tax installment (should something come up or you just feel like it) etc....

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Jun 23, 2020
2,581 Posts
Joined Feb 2008
Jun 23, 2020
LeaninBack916
Jun 23, 2020
2,581 Posts
Quote from Jukebug :
If Better's credit is larger than all fees and prepaids (no escrow), do they end up writing you a check at closing?

I just got my property tax bill, which is currently included as a cost in the prepaids section of my LE. My closing agent has said I can pay it myself and they will remove it (with proof of payment). While I would like to do this, the credit would then end up being roughly $1,000 more than the total fees/prepaids. Would this be an issue?
Depends how much you need the cash. I had this same issue with my last one... and it ended up getting double paid. Then I had to wait almost 3 months to get refunded (covid hit... then everything became backlogged).

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