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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For reference this is round 2 for me so I'm pretty familiar with their process.
For reference this is round 2 for me so I'm pretty familiar with their process.
My loan consultant failed to match rates from 3 other lenders, and told me the price match offer does not apply for the reasons listed below.
The fine print basically allows better.com not price match anyone. Most loan rates are determined based on the Credit Score, Debt to Income Ratio, and Loan to Value Ratio. It varies based on the deal, and most people with good or excellent credit get a discount on advertised rates.
Better.com has a nice website, but they are pretty shiesty. I woudl stay away from them if you have good credit, you can get superior pricing elsewhere.
Fine Print:
9. Offer cannot be combined with any other promotion. Offer is invalid if the borrower submits an LE from a lender with a rate that is not publicly available (e.g., requiring a minimum amount of assets under management). Each borrower may only take advantage of this offer once per loan application.
10. Better Mortgage reserves the right to rescind or modify the terms of this offer without prior notice.
My loan consultant failed to match rates from 3 other lenders, and told me the price match offer does not apply for the reasons listed below.
This basically let's better.com not price match anyone. Most loan rates are determined based on the Credit Score, Debt to Income Ratio, and Loan to Value Ratio. It varies based on the deal, and most people with good or excellent credit get a discount on advertised rates.
Better.com has a nice website, but they are pretty shiesty. I woudl stay away from them if you have good credit, you can get superior pricing elsewhere.
Fine Print:
9. Offer cannot be combined with any other promotion. Offer is invalid if the borrower submits an LE from a lender with a rate that is not publicly available (e.g., requiring a minimum amount of assets under management). Each borrower may only take advantage of this offer once per loan application.
10. Better Mortgage reserves the right to rescind or modify the terms of this offer without prior notice.
Here are the individuals that I worked with:
Mak Bonakdar / Diego Gonzalez
I applied with Better.com on 6/22. Better had the worst rates (by far!) out of all of the other mortgage lenders that I checked. I worked with a concierge, who told me they would match any price I received.
I sent Better.com two Loan Estimates. The first one, they agreed to match but added an $1800 lender fee in points, which was not on the other estimate. They flatly refused to match the second estimate or to honor the price match guarantee listed on the website.
Two online lenders and my local credit union offered pricing that was substantially cheaper than better.com. As a side note, I plan to list a complaint on consumerfinance.gov, BBB, and Amex for misleading information provided on their website. Hopefully, this will discourage people from using them in the future and wasting there time and applying and accessing their credit reports.
For reference this is round 2 for me so I'm pretty familiar with their process.
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It's not worth paying $3200 extra for a loan to get a $2500 Amex credit.......
My loan consultant failed to match rates from 3 other lenders, and told me the price match offer does not apply for the reasons listed below.
This basically let's better.com not price match anyone. Most loan rates are determined based on the Credit Score, Debt to Income Ratio, and Loan to Value Ratio. It varies based on the deal, and most people with good or excellent credit get a discount on advertised rates.
Better.com has a nice website, but they are pretty shiesty. I woudl stay away from them if you have good credit, you can get superior pricing elsewhere.
Fine Print:
9. Offer cannot be combined with any other promotion. Offer is invalid if the borrower submits an LE from a lender with a rate that is not publicly available (e.g., requiring a minimum amount of assets under management). Each borrower may only take advantage of this offer once per loan application.
10. Better Mortgage reserves the right to rescind or modify the terms of this offer without prior notice.
Better.com is NOT honoring the price match guarantee on their website with the AMEX offer.
If you have excellent or good credit, shop around. You can likely find superior pricing, even if you don't get the $2500 credit from Better.com
Sign up for a Slickdeals account to remove this ad.
It's not worth paying $3200 extra for a loan to get a $2500 Amex credit.......
My loan consultant failed to match rates from 3 other lenders, and told me the price match offer does not apply for the reasons listed below.
This basically let's better.com not price match anyone. Most loan rates are determined based on the Credit Score, Debt to Income Ratio, and Loan to Value Ratio. It varies based on the deal, and most people with good or excellent credit get a discount on advertised rates.
Better.com has a nice website, but they are pretty shiesty. I woudl stay away from them if you have good credit, you can get superior pricing elsewhere.
Fine Print:
9. Offer cannot be combined with any other promotion. Offer is invalid if the borrower submits an LE from a lender with a rate that is not publicly available (e.g., requiring a minimum amount of assets under management). Each borrower may only take advantage of this offer once per loan application.
10. Better Mortgage reserves the right to rescind or modify the terms of this offer without prior notice.
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