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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 25, 2020
126 Posts
Joined Jun 2020
Jun 25, 2020
Letsgogogo
Jun 25, 2020
126 Posts
Quote from Aaron_1121 :
They denied to match rates from three other lenders for me as well.

I am fine if they don't agree to match rates. However, better is very deceptive about it. I had 10+ calls from better, and an email from them about the rate match guarantee.

After I gave better.com three LE's from other lenders, they refused to match the rate, saying that it does not apply to the AMEX offer or rates that cannot be seen on a public website.

If you really want a $2500 credit, then go with better.com. If you have good or excellent credit, shop around and you will receive superior rates from other lenders.This can save you much more than $2500. https://usmortgagecalculator.org/

What better is offering is no more than the mortgage equivalent of a cell phone promotion. You get a great rebate upfront.....only to pay more every month for the life of the contract.

Slickdealers - Don't be fooled. With a couple of hours of comparison shopping, you can get a better rate, and it will impact you for the next 15-30 years.
Where do you do comparison shopping? What are some good lenders out there doing or beating the match?
Jun 25, 2020
98 Posts
Joined May 2008
Jun 25, 2020
wootwoot123
Jun 25, 2020
98 Posts
Quote from Aaron_1121 :
They denied to match rates from three other lenders for me as well.

I am fine if they don't agree to match rates. However, better is very deceptive about it. I had 10+ calls from better, and an email from them about the rate match guarantee.

After I gave better.com three LE's from other lenders, they refused to match the rate, saying that it does not apply to the AMEX offer or rates that cannot be seen on a public website.

If you really want a $2500 credit, then go with better.com. If you have good or excellent credit, shop around and you will receive superior rates from other lenders.This can save you much more than $2500. https://usmortgagecalculator.org/

What better is offering is no more than the mortgage equivalent of a cell phone promotion. You get a great rebate upfront.....only to pay more every month for the life of the contract.

Slickdealers - Don't be fooled. With a couple of hours of comparison shopping, you can get a better rate, and it will impact you for the next 15-30 years.
Salty...


What are some of the lenders that are providing better rates? Rather than posting one negative comment after another you should help the thread by posting where people can go based on your own experience.
Jun 25, 2020
3,123 Posts
Joined Jun 2007
Jun 25, 2020
nicemann
Jun 25, 2020
3,123 Posts
Quote from wootwoot123 :
Salty...


What are some of the lenders that are providing better rates? Rather than posting one negative comment after another you should help the thread by posting where people can go based on your own experience.
Not sure what they used but some sites have been mentioned a few times:
https://hightechlending.mortgagewebcenter.com/
https://www.lenderfi.com/
https://www.closeyourownloan.com/

Not going to say these are always cheaper. It's why you need to shop around. It depends on the area of the country, your situation, credit score, etc. You can try to get Better to match (or possibly get the $1,000) but if they don't you need to do the math and see what is better for you.
Last edited by nicemann June 25, 2020 at 11:32 AM.
Jun 25, 2020
23 Posts
Joined Jun 2011
Jun 25, 2020
jatin87
Jun 25, 2020
23 Posts
i have locked in at 2.375 for 15 years with them, 0 points and 0 origination fees. hoping to get amex credits once i close.
Jun 25, 2020
37 Posts
Joined Dec 2004
Jun 25, 2020
Aaron_1121
Jun 25, 2020
37 Posts
Quote from MrDioji :
What offers you "should be" able to get from other lenders varies widely based on each applicant's profile.

Better matched panther_fan's best offer. So they are not paying an extra $610 in points and getting a higher rate.They are getting "similar" points and rate, AND the $2,500.

We get it, you had a bad experience. Please stop spamming this thread with it.

Obviously people should calculate ​how upfront costs, long term savings, Amex credit all factor in. But many (most?) people here are getting identical or $1,000 savings by getting Better to match - in addition to the $2,500 Amex credit. In my case, I'm calculating as though the Amex credit doesn't exist. It's the icing on the cake. I am saving $1,000 by going to with Better, for the same rates and terms as the best I could find on the market. I am not giving up points or rates to get the Amex credit.
I'm not the only one that Better failed to match, there are at least six other people in the past five pages.


I hope that you are getting paid a commission or referral fee for all of the positive posts here regarding Better.
1
Jun 25, 2020
234 Posts
Joined Dec 2007
Jun 25, 2020
KristinOC
Jun 25, 2020
234 Posts
Quote from jatin87 :
i have locked in at 2.375 for 15 years with them, 0 points and 0 origination fees. hoping to get amex credits once i close.
Which lender did you use to match with better?
Jun 25, 2020
41,441 Posts
Joined Apr 2006
Jun 25, 2020
SDRebel
Jun 25, 2020
41,441 Posts
Quote from Mikey122687 :
I said that.

My buddy brought over a better LE from Owning. They said "we can't beat it by $1000 anymore, but we can match it exactly".
With the 2500 it still works out

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Jun 25, 2020
1,541 Posts
Joined Sep 2005
Jun 25, 2020
Procter
Jun 25, 2020
1,541 Posts
If I'm looking for my own title insurance, when should this happen in the refinance process?
Jun 25, 2020
23 Posts
Joined Jun 2011
Jun 25, 2020
jatin87
Jun 25, 2020
23 Posts
Quote from KristinOC :
Which lender did you use to match with better?

Just said my friend received this rate and they matched it.
Jun 25, 2020
37 Posts
Joined Dec 2004
Jun 25, 2020
Aaron_1121
Jun 25, 2020
37 Posts
Quote from wootwoot123 :
Salty...


What are some of the lenders that are providing better rates? Rather than posting one negative comment after another you should help the thread by posting where people can go based on your own experience.
I would recommend inputting your information in Zillow Refinance, Bankrate, and some of the other sites mentioned on this thread for rate comparisons.

When I applied with Better on Monday I was offered a 3.125 rate. The points originally quoted by Better.com to get a 2.75% rate was 9K. Better stated that they would match any other offer.

Better then lowered the points by a few thousand after seeing three other LE's, but would not match or come closer to the other lender's rates.

This was with a 820 credit score, 56% LTV, and 10% DTI.

SDCCU (San Diego County Credit Union) = 2.75% Rate 2.79% APR
LenderFI = 2.75% Rate 2.77% APR
Northpointe = 2.75% Rate 1,210 points /fees 2.91 APR
Semper = 2.75% Rate 2.75% APR
Sebonic = 2.875 Rate 2.875 APR
+++Several Others
(Don't use lending tree unless you want to get mad spammed and called....)

There are a ton of lenders out there. Depending on the loan amount, a quarter to half of a percent lower rate can easily save you $2500-$15K in the first three years of the loan. You can save a lot more than a $2500 credit.


https://usmortgagecalculator.org/
Jun 25, 2020
2,021 Posts
Joined Feb 2008
Jun 25, 2020
stm69
Jun 25, 2020
2,021 Posts
Closing went smoothly yesterday. Last minute change in cash to close, adjusted down since too much escrow was being held. Third time I've had the same settlement agent, told him I'd see him a 4th time maybe. Rates today for my situation were back to 2.75% on a 30 year with Semper.
Jun 25, 2020
3,123 Posts
Joined Jun 2007
Jun 25, 2020
nicemann
Jun 25, 2020
3,123 Posts
Quote from Aaron_1121 :
I would recommend inputting your information in Zillow Refinance, Bankrate, and some of the other sites mentioned on this thread for rate comparisons.

When I applied with Better on Monday I was offered a 3.125 rate. The points originally quoted by Better.com to get a 2.75% rate was 9K. Better stated that they would match any other offer.

Better then lowered the points by a few thousand after seeing three other LE's, but would not match or come closer to the other lender's rates.

This was with a 820 credit score, 56% LTV, and 10% DTI.

SDCCU (San Diego County Credit Union) = 2.75% Rate 2.79% APR
LenderFI = 2.75% Rate 2.77% APR
Northpointe = 2.75% Rate 1,210 points /fees 2.91 APR
Semper = 2.75% Rate 2.75% APR
Sebonic = 2.875 Rate 2.875 APR
+++Several Others
(Don't use lending tree unless you want to get mad spammed and called....)

There are a ton of lenders out there. Depending on the loan amount, a quarter to half of a percent lower rate can easily save you $2500-$15K in the first three years of the loan. You can save a lot more than a $2500 credit.


https://usmortgagecalculator.org/
Just wondering 15 year or 30 year? Very good LTV so that really helps also.
Jun 25, 2020
37 Posts
Joined Dec 2004
Jun 25, 2020
Aaron_1121
Jun 25, 2020
37 Posts
Quote from nicemann :
Just wondering 15 year or 30 year? Very good LTV so that really helps also.
Those were all 30 year quotes. Rates on Monday were about 1/8th cheaper than today.
Jun 25, 2020
3,123 Posts
Joined Jun 2007
Jun 25, 2020
nicemann
Jun 25, 2020
3,123 Posts
Quote from Aaron_1121 :
Those were all 30 year quotes. Rates on Monday were about 1/8th cheaper than today.
I agree. I locked in the 2.75% for a 30 year a couple of weeks ago also. Was just wondering how many years.

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Jun 25, 2020
37 Posts
Joined Dec 2004
Jun 25, 2020
Aaron_1121
Jun 25, 2020
37 Posts
Here is a realtime comparison of Better.com with other advertised rates, as of right now

6/25/20 @ 12:15 PM PST

Example Property 600K , 92078 area code. 350K loan with a 740+ credit score.

Better


Zillow


Bankrate


In this example, you would receive a far better deal from any of the other lenders than better.com. If you get a few estimates and push lenders against one another, you can get even lower than these advertised rates.
Last edited by Aaron_1121 June 25, 2020 at 12:32 PM.
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