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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 28, 2020
1,391 Posts
Joined Jan 2004
Jun 28, 2020
seawolf
Jun 28, 2020
1,391 Posts
Quote from pristineone :
Is this deal repeatable for the $2500 credit, and will better.com refinance a property they already refinanced? I did the deal with better for a refinance (which has since been sold off), am I able to refinance with them again? Thinking about going through them again to get from 3.375 to 2.675...
Price match T&C is suppose to exclude refi against loans funded by better within 6 months and without price match, better's offer is noncompetitive. YMMV.
Jun 28, 2020
119 Posts
Joined Apr 2019
Jun 28, 2020
TheDMD
Jun 28, 2020
119 Posts
Closed with better

2.5% on a 15 year with $3762 in lender credits. Just waiting for the additional $2500 AmEx Credit.
Jun 28, 2020
91 Posts
Joined Jul 2018
Jun 28, 2020
prs98
Jun 28, 2020
91 Posts
Quote from Aaron_1121 :
Here are some online tools you can use to comparison shop *retail* Title and Escrow rates from major Title Companies.

Please note, if you talk to an agent, they may be able to provide another 5-15%off. However, it is likely that they will try to sell you owners title insurance and a bunch of other auxiliary services that may not be required.

****If you have purchased the property or refinanced in the past 5 years, ask you previous title company for a re-issue rate.**** It may save you 20-50%.

Lenders make a commission when using their own title companies or the recommended list they provide. It is usually best to negotiate Title Fees after you have negotiated the Loan Rate, Points, Fees, APR, asked for a free appraisal, and have a lock and loan estimate. If you ask too soon, you may not get a good deal or as many concessions on other items.


First American
https://facc.firstam.com/

WFG
https://rates.wfgagent.com/step1

Old Republic
https://www.oldrepublictitle.com/rate-calculator

Fidelity
https://ratecalculator.fnf.com/

Chicago Title (online rates are bad, talk to an agent.)
https://rates.fntg.com/?brand=chicago
try radian as well. they were the best for me.
Jun 28, 2020
114 Posts
Joined May 2008
Jun 28, 2020
shyamshopping01
Jun 28, 2020
114 Posts
Quote from TheDMD :
Closed with better

2.5% on a 15 year with $3762 in lender credits. Just waiting for the additional $2500 AmEx Credit.
good to hear. Is yours Jumbo loan? Else getting credit back from lender with rate is amazing and excellent.

i am struggling to get good rate for 15 yr refinance . suggestions?
Jun 28, 2020
119 Posts
Joined Apr 2019
Jun 28, 2020
TheDMD
Jun 28, 2020
119 Posts
Quote from shyamshopping01 :
good to hear. Is yours Jumbo loan? Else getting credit back from lender with rate is amazing and excellent.

i am struggling to get good rate for 15 yr refinance . suggestions?
I had locked with better initially for a 2.5% with paying $700 in points. A couple of days after I locked, I got quoted by lenderfi for 2.5% with 0 points and $500 in credit.

Sent the offer to better and told them I'd pull my application if they didn't beat it. They beat it within 24 hours
Jun 28, 2020
24 Posts
Joined Feb 2012
Jun 28, 2020
coolj990
Jun 28, 2020
24 Posts
JUST got my $2500 credit. Literally wasn't there earlier today. Closed 4/30 posted 6/27
Jun 28, 2020
14 Posts
Joined Jun 2020
Jun 28, 2020
MerryFuel495
Jun 28, 2020
14 Posts
Quote from hdlk :
I just wrapped up a 30 year fixed refinance with another lender.

For how much % below my current interest rate, do you think going through another refinance process + closing costs would be worth the trouble? .125% below? .25% below?
What 30 year fixed refinance rate are you getting? I am in same boat.

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Jun 28, 2020
114 Posts
Joined May 2008
Jun 28, 2020
shyamshopping01
Jun 28, 2020
114 Posts
Quote from coolj990 :
JUST got my $2500 credit. Literally wasn't there earlier today. Closed 4/30 posted 6/27

I there any American Express Promotions phone number to check my loan eligibility for this promotion?
Jun 28, 2020
384 Posts
Joined Apr 2016
Jun 28, 2020
physio1213
Jun 28, 2020
384 Posts
Quote from Switching2Geico :
Just locked with better at 2.25% for 15 years at 510k. $4k discount given. $4k due at close plus i still get appraisal refund and $2500 amex credit. Im in CA. What companies are u guys recommending to save on title and recording?
What lender did you find 2.25 for matching?
Jun 28, 2020
384 Posts
Joined Apr 2016
Jun 28, 2020
physio1213
Jun 28, 2020
384 Posts
Quote from unlvrebels :
"Homeowners who are in COVID-19 forbearance but continue to make their mortgage payment will not be penalized," FHFA Director Mark Calabria said in the announcement.

"Additionally, borrowers will be allowed to get a new mortgage — whether it's a refinance or purchase loan — three months after their forbearance ends and they have made three consecutive payments under their repayment plan, payment deferral option or loan modification."

"Typically, borrowers can only get a new mortgage, whether it's to refinance or to buy a home, a year after their payments are up to date post-forbearance."
https://www.marketwatch.com/story...2020-05-19 [marketwatch.com]
https://www.bankrate.com/mortgage...refinance/ [bankrate.com]



Check Title Forward (Redfin) and Radian Title. Check this thread.
https://slickdeals.net/f/14125196-shop-for-title-insurance?v=1




During Oct 2019, I obtained cash-out refinance on an investment property through AIMLoan. I got 3.625% (15 years) after paying $2400 points (1.296%). Total loan cost was $5400. I debated for a long time and finally decided to pay for points earlier. I would have got $625 credit (for same rate instead of paying $2400) if there was no cashout option. Sebonic offered 4.375% for $867 discount fee. I did not go with Sebonic earlier.



Thanks for the link. They service few states. I will check them out.
Did you find out if 2.25 with points or zero points?
Jun 28, 2020
263 Posts
Joined Sep 2016
Jun 28, 2020
hdlk
Jun 28, 2020
263 Posts
Quote from MerryFuel495 :
What 30 year fixed refinance rate are you getting? I am in same boat.
I refinanced a condo and I had to classify it as a "second home" due to various reasons so the rate is higher than a typical primary house residence. I refinanced at 3.5% with about $1000 in lender credit.

Has anyone seen a lower rate that I can bring to better.com for a condo classified as a second home?
Jun 28, 2020
1,004 Posts
Joined Mar 2019
Jun 28, 2020
CycloneFW
Jun 28, 2020
1,004 Posts
Quote from physio1213 :
Did you find out if 2.25 with points or zero points?
I locked 2.25% on a 15-year with a small negative point. However, the quote has lender fees. I haven't gotten the LE yesterday (was told Monday) to see the breakdown.

But it is $1,560 in lender fees + title/settlement with a $338 lender credit
Jun 28, 2020
384 Posts
Joined Apr 2016
Jun 28, 2020
physio1213
Jun 28, 2020
384 Posts
Quote from CycloneFW :
I locked 2.25% on a 15-year with a small negative point. However, the quote has lender fees. I haven't gotten the LE yesterday (was told Monday) to see the breakdown.

But it is $1,560 in lender fees + title/settlement with a $338 lender credit
That's actually good because better will beat the Lenders fees by 1000 so the total out of pocket expense will be close to $560 . Title will remain same with everyone and you can also shop to get best price. 2.25 % for 15 yrs is phenomenal.

Did loancabin ran hard credit to give you the LE. ?
Jun 28, 2020
645 Posts
Joined May 2013
Jun 28, 2020
MBster
Jun 28, 2020
645 Posts
Quote from wallewalle :
How's TMS now that you've closed? I too find my loan sold of to TMS at close.
So, it looks like TMS may just be servicing the loan on Better's behalf for the time being before it is permanently sold.

Per Better [better.com]: How will my loan be serviced after closing?

Better Mortgage will service your loan after it closes. During this time, payment administration and collection will be handled by our sub-servicing partner, called The Money Source (TMS).
At some point, we might transfer your loan to a permanent servicer. We have a large roster of reputable servicers and mortgage investors including major US banks, government-sponsored entities, publicly-traded mortgage companies, and specialized servicing firms. We collect third-party reviews and survey our borrowers post-transfer to ensure the permanent servicers are quality partners.

TMS will notify you if and when your loan is being transferred. In the event your loan is not transferred you will continue to make payments to TMS.

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Jun 28, 2020
1,004 Posts
Joined Mar 2019
Jun 28, 2020
CycloneFW
Jun 28, 2020
1,004 Posts
Quote from physio1213 :
That's actually good because better will beat the Lenders fees by 1000 so the total out of pocket expense will be close to $560 . Title will remain same with everyone and you can also shop to get best price. 2.25 % for 15 yrs is phenomenal.

Did loancabin ran hard credit to give you the LE. ?
LoanCabin doesn't write loans in my state.

I got quoted the rate before my credit was run and then had the officer run my credit and lock the rate. Better's title agent charged my $1,100 in May and I had asked them to to use my agent that charges less, but they didn't. Sucks as they even confirmed via email they would use my agent and then didn't.

Last time around, Better didn't even match my competing offer, so we will see if they beat this one by $1k.
Last edited by CycloneFW June 28, 2020 at 07:17 AM.

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