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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 2, 2020
900 Posts
Joined Nov 2017
Jul 2, 2020
gk6740
Jul 2, 2020
900 Posts
Quote from Edge :
LenderFi is not responding and still hasn't give me a loan estimate.

So I filed a complaint with the CFPB. At this point, I don't want to do business with them at all. I just want my hard check removed and I put this in the complaint.
https://www.consumerfinance.gov/complaint/

Loan Depot was also slow and I had to call them myself to get a loan officer assigned. He verbally gave me some offers and I'm waiting for the actual documents.
Why worry about the hard pull? they all get grouped together.
Jul 2, 2020
607 Posts
Joined Jan 2006
Jul 2, 2020
marsgamer
Jul 2, 2020
607 Posts
2.5% 15 years no points - Locked

D= A+B+C = $1779 ( I am going to bring this down to $1079 found lower title cost)
E+F+G+H = $4947(Homeowners Ins+ Property Taxes)
D + I = $6,726
Lender Credits = - $1,071
Amex credit =- $2500
Last edited by marsgamer July 2, 2020 at 05:31 AM.
Jul 2, 2020
2,467 Posts
Joined Jun 2011
Jul 2, 2020
savemybucks
Jul 2, 2020
2,467 Posts
So started process with Better. Got prequal. Have a few questions.

I went through the special link from Amex, but dont see any mention in the emails I received from Better. Do I need to email the concierge to get it added manually?

Skimmed through few pages here and seems like people are getting competing rates mostly from Loancabin, Lenderfi, quicken, provident (by the way what's the wesbite for them, I find lot of provident "banks" that offer mortgage.)

I am going to check with couple local CU's too but if there is any other direct lender I should check please let me know.
Jul 2, 2020
3,123 Posts
Joined Jun 2007
Jul 2, 2020
nicemann
Jul 2, 2020
3,123 Posts
Quote from savemybucks :
So started process with Better. Got prequal. Have a few questions.

I went through the special link from Amex, but dont see any mention in the emails I received from Better. Do I need to email the concierge to get it added manually?

Skimmed through few pages here and seems like people are getting competing rates mostly from Loancabin, Lenderfi, quicken, provident (by the way what's the wesbite for them, I find lot of provident "banks" that offer mortgage.)

I am going to check with couple local CU's too but if there is any other direct lender I should check please let me know.
Also try https://hightechlending.mortgagewebcenter.com/ you can get instant numbers. They were cheaper then the other sites for me. I did email them before I did the application and even get a better rate and lender credit.
Jul 2, 2020
2,467 Posts
Joined Jun 2011
Jul 2, 2020
savemybucks
Jul 2, 2020
2,467 Posts
Quote from nicemann :
Also try https://hightechlending.mortgagewebcenter.com/ you can get instant numbers. They were cheaper then the other sites for me. I did email them before I did the application and even get a better rate and lender credit.
Thanks, not available in my state though Frown
Jul 2, 2020
1,412 Posts
Joined Jan 2020
Jul 2, 2020
SiennaDeer8270
Jul 2, 2020
1,412 Posts
Quote from Edge :
LenderFi is not responding and still hasn't give me a loan estimate.

So I filed a complaint with the CFPB. At this point, I don't want to do business with them at all. I just want my hard check removed and I put this in the complaint.
https://www.consumerfinance.gov/complaint/

Loan Depot was also slow and I had to call them myself to get a loan officer assigned. He verbally gave me some offers and I'm waiting for the actual documents.
Hard pulls cant be removed. Some people refinance four times a year. They dont care about a hard pull. Lenderfi is a terrible company. They make getting an estimate a nightmare.

Loan depot is going to spam you like crazy. Why cant companies give online estimates without personal info? This whole refinance game is a terrible experience. Buying tsla is much more fun.
Last edited by SiennaDeer8270 July 2, 2020 at 06:32 AM.
Jul 2, 2020
1,773 Posts
Joined May 2006
Jul 2, 2020
baronvdb
Jul 2, 2020
1,773 Posts
Quote from Vulcanized :
Wow! Congratulations. Does that come with discount points and closing costs?

They offered me 2.625 yesterday with 0 points but with 2700 to 3500 estimated closing costs. This is in CA with excellent credit with around 72% LTV ratio.

May I know what is the APR and total cost for you to close?

APR at LD was 2.362. "D. total loan costs" were $3200 but I got a lender credit of $2k.

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Jul 2, 2020
1,894 Posts
Joined Feb 2006
Jul 2, 2020
indymale
Jul 2, 2020
1,894 Posts
Quote from nicemann :
Also try https://hightechlending.mortgagewebcenter.com/ you can get instant numbers. They were cheaper then the other sites for me. I did email them before I did the application and even get a better rate and lender credit.
The rates pretty good, I would think they would go lower once you actually apply with your information. Thanks!
Jul 2, 2020
3,123 Posts
Joined Jun 2007
Jul 2, 2020
nicemann
Jul 2, 2020
3,123 Posts
Quote from indymale :
The rates pretty good, I would think they would go lower once you actually apply with your information. Thanks!
I emailed them before I applied. They dropped the percent by .25 and kept the same lender discount. So it's worth a shot. I did not try to get better to match due to I did not see the offer on my AMEX account. So did not think I would get the $2,500 credit.I know Better advertises they will pay for appraisal but a lot of times the appraisal will get waived just like it did with mine.
Jul 2, 2020
25 Posts
Joined Nov 2011
Jul 2, 2020
cmartin33
Jul 2, 2020
25 Posts
I tried to get better to match the 2.75% rate I was offered through a competitor and they refused. Any advised on this step guys?
Jul 2, 2020
899 Posts
Joined Aug 2010
Jul 2, 2020
JetBlast
Jul 2, 2020
899 Posts
Quote from cmartin33 :
I tried to get better to match the 2.75% rate I was offered through a competitor and they refused. Any advised on this step guys?
did you already lock a rate?
Jul 2, 2020
900 Posts
Joined Nov 2017
Jul 2, 2020
gk6740
Jul 2, 2020
900 Posts
Quote from SiennaDeer8270 :
Hard pulls cant be removed. Some people refinance four times a year. They dont care about a hard pull. Lenderfi is a terrible company. They make getting an estimate a nightmare.

Loan depot is going to spam you like crazy. Why cant companies give online estimates without personal info? This whole refinance game is a terrible experience. Buying tsla is much more fun.
Getting online quotes : They need some personal information as the rates vary based on YOUR income, expenses, loan to value, credit scoring,etc. I had no problem filling it out for a half dozen including LenderFi. apparently some have had trouble with lenderfi - they were quick and gave best quote that I got Better to match.

I did Lenderfi rather late in the process and they matched the best deal I had. And then Better got me there. After lock I got a bit more and then near end of process I showed a better Title pricing and they kicked in another couple hundred.
Jul 2, 2020
25 Posts
Joined Nov 2011
Jul 2, 2020
cmartin33
Jul 2, 2020
25 Posts
Quote from JetBlast :
did you already lock a rate?
No I haven't locked my rate. I sent better an unofficial estimate. I am going to proceed with the other company (Loan Cabin). Once Loan Cabin provides me with an official estimate, I will send it to better to try and match again.
Pro
Jul 2, 2020
5,054 Posts
Joined Jul 2006
Jul 2, 2020
shahhere
Pro
Jul 2, 2020
5,054 Posts
Quote from cmartin33 :
No I haven't locked my rate. I sent better an unofficial estimate. I am going to proceed with the other company (Loan Cabin). Once Loan Cabin provides me with an official estimate, I will send it to better to try and match again.

Loan Cabin so far has been the best rates and despite being slow as they took 3 days their numbers held up on my LE. $240K Loan with -$1000 Credit for 2.75%.


I was surprised that Better countered that with 2.75% and -$348 in Credit but also said that the Amex $2500 would make it a better deal and I dont know what I can do to push for more which I dont know if they will. Initial Better offer was 3.375% with $19000 in Fees for ABC=D.


Send better an official LE and go from there but Loan Cabin looks like a legit place at this point without any bS.


Shahhere

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Jul 2, 2020
1,412 Posts
Joined Jan 2020
Jul 2, 2020
SiennaDeer8270
Jul 2, 2020
1,412 Posts
Quote from gk6740 :
Getting online quotes : They need some personal information as the rates vary based on YOUR income, expenses, loan to value, credit scoring,etc. I had no problem filling it out for a half dozen including LenderFi. apparently some have had trouble with lenderfi - they were quick and gave best quote that I got Better to match.

I did Lenderfi rather late in the process and they matched the best deal I had. And then Better got me there. After lock I got a bit more and then near end of process I showed a better Title pricing and they kicked in another couple hundred.
There's no problem giving income, ltv, credit score. But no one wants to give out email, address, phone number. They'll spam you like crazy. None of those contact details are necessary to give a loan estimate. Just show it on your website.

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