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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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
Looks like OP is doing inspections so no easy way to remove the buyer's agent for this property.
Next time OP buys a property in NJ, be aware that NJ allows buyers agent to split their commission with buyer in lieu of less than full service (eg you find the listing/visits and just have them represent in transaction).
Again, sorry for coming off harshly.
P.S. Some quick things. Multiple pulls within usually 1 month timeframe doesn't hurt your credit beyond the initial ding. This is because it is expected that you will shop. I doubt there is any place that will give you an LE without a hard pull (though I think, ironically, Better does).
I'm surprised that your realtor's mortgage broker told you to shop. In my opinion, the *sole* value of a mortgage broker is their ability to shop their multiple relationships with lenders to get you an offer possibly better than you could have gotten on your own. They make money via a commission, so have to do their work to get a loan that, even with their own fee, is competitive.
That said, if they told you to get them LE's, go ahead and get some from these rock-bottom bulk lenders like Aimloan, LenderFi, but I bet you he/she won't be able to beat them. This is because these places operate on volume and often have no origination fee, whereas the broker has his/her commission.
I don't know how much the rate has been up n down, but for my case personally, I've never even seen 3% with no cost no fee (30year fixed). I'm only on year 2 with this house, and year 1 after the first refi. (northern VA, DC metro). I'm owing 630k on a ~900k valued house, so not conforming loan. Excellent credit.
Edit: If my understanding about the rate is correct (no change after filling the app vs the coarse quote), I would not bother to fill all sorts of application forms on better or owning) as I'm not seeing magic numbers here. My regular guy quoted me very similar with appraisal waiver.
One thing I want to ask your experts though, how do you determine whether paying closing cost upfront with lower rate is justifiable? I've usually heard that you shooting for no fee no cost refi as you may well see rate drop in another 6mo and want to do it again, and with upfront cost, you might lose that money. I'm not sure with my jumbo loan how much lower it can go beyond 3%. If I'm paying 4k in cost to get the 3%, I'm looking at minimum of a little over 3 years to get break even V.S no cost, same loan amount with 3.375 rate (we are talking about lender credit cover cost, not rolling over the cost into a 30year loan). Is it worthwhile to pay up the 4k?
I tried multiple websites mentioned here (lenderfi, hightech lending etc), all similar lowest is 3% with about 4-5k closing cost, I did Zillow quote and one KS bank had 3% with 700 cost, after i contacted them and filled out the app, in the end their cost crept back up to about 4k.
Is there any truth in that statement?
I don't know how much the rate has been up n down, but for my case personally, I've never even seen 3% with no cost no fee (30year fixed). I'm only on year 2 with this house, and year 1 after the first refi. (northern VA, DC metro). I'm owing 630k on a ~900k valued house, so not conforming loan. Excellent credit.
I tried multiple websites mentioned here (lenderfi, hightech lending etc), all similar lowest is 3% with about 4-5k closing cost, I did Zillow quote and one KS bank had 3% with 700 cost, after i contacted them and filled out the app, in the end their cost crept back up to about 4k.
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(I guess I am just a little concerned that perhaps I should have been paying a little less for this property... since in my opinion appraisals often are slightly over market value). Would appreciate if someone can share how their appraisal turned out...
I called my lenderfi assigned guy, and he was able to get me a much better quote than the website. Might be worth a try. Tell him you are shopping around and see what they can do.
I am having zero luck with Better. I have now submitted two differnt LE's, and called over 10 times to see if they could match them. First one they didnt respond until 3 days later, then said the LE was to old to match. Second one I put in Tuesday Night. Called them as soon as I put it in, and called them 4 more times yesterday. Yesterday at 4 pm they said my assigned person had my file open, looking at it, and would call me shortly to tell me what they could do.. Never got a call. Now its been over 24 hours since I got the LE from another lender, so my guess is when I call today they will tell me its expired.. and want another one. About to give up and just go with the other lender.
I am having zero luck with Better. I have now submitted two differnt LE's, and called over 10 times to see if they could match them. First one they didnt respond until 3 days later, then said the LE was to old to match. Second one I put in Tuesday Night. Called them as soon as I put it in, and called them 4 more times yesterday. Yesterday at 4 pm they said my assigned person had my file open, looking at it, and would call me shortly to tell me what they could do.. Never got a call. Now its been over 24 hours since I got the LE from another lender, so my guess is when I call today they will tell me its expired.. and want another one. About to give up and just go with the other lender.
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