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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.
Community Notes
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 29, 2020
569 Posts
Joined Sep 2005
Jun 29, 2020
bumoftheday
Jun 29, 2020
569 Posts
Quote from sailakfan :
You could have kept the escrow and cancelled after couple of months, correct?
It depends on who ultimately gets your loan, but normally that is correct and that is my plan. Normally you will need a minimum of 80% LTV. Other types of loans such as FHA or VA don't qualify for escrow removal.
Jun 29, 2020
899 Posts
Joined Aug 2010
Jun 29, 2020
JetBlast
Jun 29, 2020
899 Posts
Quote from gk6740 :
You will be paying July to SOMEBODY one way or the other. One is just at a better rate.
Yes, I know. But I'd rather pay $800 towards principal than interest. Once I refinance, I basically swap the two from what I'm currently paying.
Jun 29, 2020
1,004 Posts
Joined Mar 2019
Jun 29, 2020
CycloneFW
Jun 29, 2020
1,004 Posts
Quote from JetBlast :
Yes, I know. But I'd rather pay $800 towards principal than interest. Once I refinance, I basically swap the two from what I'm currently paying.
Mortgage interest is paid in arrears. So regardless of if you make the July payment or not, you are talking a few days worth of interest if, say you could come tomorrow vs. next week.
Jun 29, 2020
1,808 Posts
Joined Jun 2007
Jun 29, 2020
sailakfan
Jun 29, 2020
1,808 Posts
All,

I got a better rate and lender credit from a competitor, sent it to Better to match the rate. They will match but the rep is referring to the $2500 credit and matched minus the $2500. In this case, should I rather go with the competitor? Any body ran into this situation? Thanks
Jun 29, 2020
164 Posts
Joined Aug 2004
Jun 29, 2020
corben22
Jun 29, 2020
164 Posts
Quote from baronvdb :
Has anybody got a rate better than 2.375% for a 15 year fixed in the last day or two? What lender?

Today is the last day I can do a mortgage application without it dinging my credit. I'm locked with better at 2.375% but if I can get an LE for lower I want to see if they'll match it. Just not sure what lender to apply with...

PM me if you don't want to post the lender. Thanks!
One of the options we had with Rocket Mortgage was 2.25% - I think it was 3 points though. We're currently doing the paperwork on 2.5% with no points and the AMEX $2500 back.
Jun 29, 2020
755 Posts
Joined Oct 2007
Jun 29, 2020
swine
Jun 29, 2020
755 Posts
Quote from sailakfan :
All,

I got a better rate and lender credit from a competitor, sent it to Better to match the rate. They will match but the rep is referring to the $2500 credit and matched minus the $2500. In this case, should I rather go with the competitor? Any body ran into this situation? Thanks
Some reps did that. I think most reps didn't. Start a new application with new email address, once you get the new rep, send in the LE to match...
Jun 29, 2020
2,520 Posts
Joined Aug 2007
Jun 29, 2020
sleekwallet
Jun 29, 2020
2,520 Posts
Quote from sailakfan :
All,

I got a better rate and lender credit from a competitor, sent it to Better to match the rate. They will match but the rep is referring to the $2500 credit and matched minus the $2500. In this case, should I rather go with the competitor? Any body ran into this situation? Thanks

ask them to delete your application, dont use the amex link and you get a new rep

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Jun 29, 2020
1,808 Posts
Joined Jun 2007
Jun 29, 2020
sailakfan
Jun 29, 2020
1,808 Posts
Quote from swine :
Some reps did that. I think most reps didn't. Start a new application with new email address, once you get the new rep, send in the LE to match...
Ok, thank you. If I do that, they do another credit check, correct?
Jun 29, 2020
2,520 Posts
Joined Aug 2007
Jun 29, 2020
sleekwallet
Jun 29, 2020
2,520 Posts
Quote from sailakfan :
Ok, thank you both of you. If I do that, they do another credit check, correct?

I doubt it but who knows. It shouldnt affect you much at this point
Jun 29, 2020
1,808 Posts
Joined Jun 2007
Jun 29, 2020
sailakfan
Jun 29, 2020
1,808 Posts
Quote from sleekwallet :
ask them to delete your application, dont use the amex link and you get a new rep
Thank you. Do not use the amex link the second time?
Jun 29, 2020
1,808 Posts
Joined Jun 2007
Jun 29, 2020
sailakfan
Jun 29, 2020
1,808 Posts
Quote from sleekwallet :
I doubt it but who knows. It shouldnt affect you much at this point

Applause true, let me see if they would delete it and reapply.
Jun 29, 2020
639 Posts
Joined Jan 2009
Jun 29, 2020
brat7705
Jun 29, 2020
639 Posts
Quote from sailakfan :
All,

I got a better rate and lender credit from a competitor, sent it to Better to match the rate. They will match but the rep is referring to the $2500 credit and matched minus the $2500. In this case, should I rather go with the competitor? Any body ran into this situation? Thanks
I don't know where in the wording it say that the $2500 would be factored in? You should ask!
Jun 29, 2020
1,808 Posts
Joined Jun 2007
Jun 29, 2020
sailakfan
Jun 29, 2020
1,808 Posts
Quote from brat7705 :
I don't know where in the wording it say that the $2500 would be factored in? You should ask!
I already have asked plus the $1000, have not heard back from the gentlemen. We will see.
Jun 29, 2020
1,808 Posts
Joined Jun 2007
Jun 29, 2020
sailakfan
Jun 29, 2020
1,808 Posts
Thank you for all your replies. They came back and cannot match since they ran out of quota. We are happy with LenderFi and since have wasted the other sales persons time will just go with them. Happy for those who got in this.

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Jun 29, 2020
45 Posts
Joined Apr 2020
Jun 29, 2020
MrDioji
Jun 29, 2020
45 Posts
Quote from brat7705 :
I don't know where in the wording it say that the $2500 would be factored in? You should ask!
" 9. Offer cannot be combined with any other promotion."

It doesn't mention the $2,500 offer, but they can just elect not to match at all.

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