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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If it was a change in terms/limited cash out, you can refi immediately but there could be obstacles in better T&Cs allowing them to not price match within 6 months of funding a better loan, and new loan and release of previous loan not having been recorded. Ymmv.
Or do you mean one with a credit that offsets the closing costs ?
Anyone use them lately? Their website is down and the contact I had hasnt returned my call since yesterday but as noted they have been the cheapest I've found in PA.
Shahhere
PS. I called ALTTitle.com and their quoted rate is almost $400 more than my last Refi rates from January which were around $1600 for Radian vs. $2040 for ALTTitle.
Anyone use them lately? Their website is down and the contact I had hasnt returned my call since yesterday but as noted they have been the cheapest I've found in PA.
Shahhere
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I'm a little confused.
Anyone use them lately? Their website is down and the contact I had hasnt returned my call since yesterday but as noted they have been the cheapest I've found in PA.
Shahhere
PS. I called ALTTitle.com and their quoted rate is almost $400 more than my last Refi rates from January which were around $1600 for Radian vs. $2040 for ALTTitle.
Typically on a 15 year load the Loan-Value ratio under 90% = no PMI. Its on a 30 year loan you need under 80%.
Soft hits on credit are pretty meaningless. I wouldnt worry about that. You could call your loan guy at better and explain the situation.
I would call Lenderfi, and tell them you are planning to lock in the best rate today. They get paid based on how fast they can close a loan after the application. If they close in less than 30 days from app, the person gets a higher commission. So tell them you are ready to lock a rate today if they can get you a competitive LE. It should light a fire under them. And tell them if they cant, you are happy to move onto another lender.
PMI is all about risk. With a 15 year loan, you are paying off more principal up front, so you are less of a risk of them having to take an under-water mortgage a few years in, and thus PMI isn't as big of an issue. Also if you are doing a 15 year loan, they typically can look at the customer as in better financial shape, as they can afford a higher payment, while still being under the 38% debt-income ratio.
On a 30 year loan, you pay off almost zero principle for first few years, so you are at a much higher risk of defaulting on an under-water(to the lender they are underwater even if your house is worth more than your loan, due to all the costs they have in evicting you, and then reselling the property).
Just look around, most lenders will wave PMI on 15 year loans with LTV at 90%.
Or do you mean one with a credit that offsets the closing costs ?
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I would call Lenderfi, and tell them you are planning to lock in the best rate today. They get paid based on how fast they can close a loan after the application. If they close in less than 30 days from app, the person gets a higher commission. So tell them you are ready to lock a rate today if they can get you a competitive LE. It should light a fire under them. And tell them if they cant, you are happy to move onto another lender.
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