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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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Jul 1, 2020
569 Posts
Joined Sep 2005
Jul 1, 2020
bumoftheday
Jul 1, 2020
569 Posts
Quote from gk6740 :
RE : TITLE CLOSING COSTS WITH BETTER

I am in process right now. Original quote for the Title section (C) was around $1,800 without appraisal. When the Better Title company got hold of it, it dropped to $1,500. I have a quote locally for $1200.

Anyone have any luck getting Better Title folks to adjust their rates?
I got my title costs dropped by $700 yesterday by supplying a quote from a local company.
Jul 1, 2020
1,004 Posts
Joined Mar 2019
Jul 1, 2020
CycloneFW
Jul 1, 2020
1,004 Posts
Quote from shahhere :
Can they force you to request a SS and apply? Any link? Lenders saying Apply and Provide SS.


The way i look at it having credit run in a 14day window for the same type is batched in a single query.


Shahhere
What is a SS?

Similar to you, I'm not concerned with a credit pull once I've opened the floodgates.
Pro
Jul 1, 2020
5,054 Posts
Joined Jul 2006
Jul 1, 2020
shahhere
Pro
Jul 1, 2020
5,054 Posts
Quote from CycloneFW :
What is a SS?

Similar to you, I'm not concerned with a credit pull once I've opened the floodgates.

SS = SocialSecurity = CreditPull is what i was trying to say Smilie.


Yea, I have investments all over the place so i am not taking the negative points and putting it in Tesla lol; its in other stuff but its not 1 for 1 ha.


My calculations has been about a 7-11 point drop post refinance and hard pulls and recovery of 2-3 points each month thereafter without any negatives hitting.



Shahhere
Jul 1, 2020
1,004 Posts
Joined Mar 2019
Jul 1, 2020
CycloneFW
Jul 1, 2020
1,004 Posts
Quote from shahhere :
SS = SocialSecurity = CreditPull is what i was trying to say Smilie.

Shahhere
In my post, I wasn't trying to imply to do/not do a credit pull. I was simply saying that I've found (in my personal searches) the best rates by folks who require me to input info and get a call/email/text.

For reference, most of them didn't pull my credit until I wanted an LE.
Jul 1, 2020
79 Posts
Joined May 2017
Jul 1, 2020
Persdawg
Jul 1, 2020
79 Posts
Any tips on getting some credits after rate is locked? i'm in at $315k for 30 yr at 2.875 for $800 with no credits.
can't really get this rate right now anywhere.
Pro
Jul 1, 2020
5,054 Posts
Joined Jul 2006
Jul 1, 2020
shahhere
Pro
Jul 1, 2020
5,054 Posts
Quote from CycloneFW :
In my post, I wasn't trying to imply to do/not do a credit pull. I was simply saying that I've found (in my personal searches) the best rates by folks who require me to input info and get a call/email/text.

For reference, most of them didn't pull my credit until I wanted an LE.

The reply was not directly to you yours but in a general discussions Smilie.


I too am confused as in the past I have gotten a Loan Estimate prior to the Lender running Credit. At times you had to have a phone call etc but I did this mass refinance a while back almost 8+ years now.


This time around almost everyone is asking me to apply and run full credit before they'd send me a LE. I am asking the forum if thats what everyone is encountering as well?



LoanCabin actually locked me in without me saying "Lock" which isnt bad for me but am surprised! I am chatting with their SVP via email but I am sure they are backed up so will await now a set of Disclosures to consider anything else.


Shahhere
Jul 1, 2020
1,004 Posts
Joined Mar 2019
Jul 1, 2020
CycloneFW
Jul 1, 2020
1,004 Posts
Quote from shahhere :
I too am confused as in the past I have gotten a Loan Estimate prior to the Lender running Credit. At times you had to have a phone call etc but I did this mass refinance a while back almost 8+ years now.


This time around almost everyone is asking me to apply and run full credit before they'd send me a LE. I am asking the forum if thats what everyone is encountering as well?

Shahhere
I did get a couple to give me LEs without a credit pull. However, except the one I am using right now for Better to compete against, those that provided them without a pull were not competitive. I did provide them with the scores though, either 800+ or the exact scores from prior disclosures.

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Jul 1, 2020
607 Posts
Joined Jan 2006
Jul 1, 2020
marsgamer
Jul 1, 2020
607 Posts
Is it typical to accept electronic disclosures etc to get a loan estimate? I am getting 2.5% with no points and lender credit and they had to run a credit but wanted to ensure this process doesn't lock me Smilie
Jul 1, 2020
900 Posts
Joined Nov 2017
Jul 1, 2020
gk6740
Jul 1, 2020
900 Posts
Quote from marsgamer :
Is it typical to accept electronic disclosures etc to get a loan estimate? I am getting 2.5% with no points and lender credit and they had to run a credit but wanted to ensure this process doesn't lock me
First off - congrats on what you have found. That is great.
Second - a lock does not hurt if you go elsewhere. It does limit chances they will give you a better rate though.
Jul 1, 2020
607 Posts
Joined Jan 2006
Jul 1, 2020
marsgamer
Jul 1, 2020
607 Posts
Quote from gk6740 :
First off - congrats on what you have found. That is great.
Second - a lock does not hurt if you go elsewhere. It does limit chances they will give you a better rate though.
ok thanks.
Jul 1, 2020
6,118 Posts
Joined Oct 2011
Jul 1, 2020
prvns
Jul 1, 2020
6,118 Posts
I am getting 2.75% for 15 years with $2000 credits . This is better.com. Is this good?
Jul 1, 2020
7,929 Posts
Joined Apr 2013
Jul 1, 2020
rastaman32
Jul 1, 2020
7,929 Posts
I'm sure its been asked/ answered but I cant seem to find it after reading the past few pages. If we do not have an AMEX, can we apply for one then do this deal? Are their certain cards that pretty much guarantee getting the offer? Or is it a crap shoot and hope the account is targeted? Credit score is 840 and ideally would like to avoid any of their $450+ AF products.
Jul 1, 2020
1,004 Posts
Joined Mar 2019
Jul 1, 2020
CycloneFW
Jul 1, 2020
1,004 Posts
Quote from marsgamer :
Is it typical to accept electronic disclosures etc to get a loan estimate? I am getting 2.5% with no points and lender credit and they had to run a credit but wanted to ensure this process doesn't lock me
Well, the way you ask the question is not quite clear on what you actually mean. Yes, it is typical to accept electronic disclosures to get a loan estimate electronically vs. waiting for it in US Mail. However, accepting that you have electronic disclosures is NOT the same as accepting the offer disclosures. Accepting the disclosure that "I agree to use electronic disclosures in lieu of physical disclosures" is not accepting the offer.

The above out of the way, accepting the offer is also not that detrimental. The only gotcha really is if you have another lender you've submitted the "intent to proceed" with, their underwriting dept. may find out and tell you to pick one and withdraw the app from the other. Still nothing really lost.
Jul 1, 2020
607 Posts
Joined Jan 2006
Jul 1, 2020
marsgamer
Jul 1, 2020
607 Posts
Quote from CycloneFW :
Well, the way you ask the question is not quite clear on what you actually mean. Yes, it is typical to accept electronic disclosures to get a loan estimate electronically vs. waiting for it in US Mail. However, accepting that you have electronic disclosures is NOT the same as accepting the offer disclosures. Accepting the disclosure that "I agree to use electronic disclosures in lieu of physical disclosures" is not accepting the offer.

The above out of the way, accepting the offer is also not that detrimental. The only gotcha really is if you have another lender you've submitted the "intent to proceed" with, their underwriting dept. may find out and tell you to pick one and withdraw the app from the other. Still nothing really lost.
Thanks for answering it and providing clarification. It's been a while since I last refinanced so wanted to ensure the flow and feel much better now.
"However, accepting that you have electronic disclosures is NOT the same as accepting the offer disclosures. Accepting the disclosure that "I agree to use electronic disclosures in lieu of physical disclosures" is not accepting the offer."

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Jul 1, 2020
83 Posts
Joined Mar 2016
Jul 1, 2020
Aln10788
Jul 1, 2020
83 Posts
So for the thing you can shop for. I'm in Illinois. Is the title insurance the only think I can shop for? It's $550 but the total for that section is $1300. Any help is greatly appreciated.

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