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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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Jul 6, 2020
3,686 Posts
Joined Jul 2012
Jul 6, 2020
MilesHunter
Jul 6, 2020
3,686 Posts
Quote from CycloneFW :
My 15-year is 2.625% with a decent lender credit. 2.5% is almost par with a $35 credit for me. I would imagine 30-year would be around there if I could still see it.
Sorry I should have been more specific. I was looking for 30year.
Jul 6, 2020
1,004 Posts
Joined Mar 2019
Jul 6, 2020
CycloneFW
Jul 6, 2020
1,004 Posts
Quote from MilesHunter :
Sorry I should have been more specific. I was looking for 30year.
Oh, I get it. I just didn't get the last round of numbers for 30-year on mine. From before the last improvement in pricing, I got 2.875% with $285 in points or 3% with $400 in credits. I suspect I would be $2.875% at par now given how much my 15-year spread changed from the last pricing adjustment.
Jul 6, 2020
607 Posts
Joined Jan 2006
Jul 6, 2020
marsgamer
Jul 6, 2020
607 Posts
Quote from CycloneFW :
In my limited experience, it has been Alta Standard + endorsements. In NC, usually that is endorsements 8.1 and 9, but could be different in other states and other scenarios (I have a single family home inside the city limits).
Ok thanks.
Jul 6, 2020
141 Posts
Joined Sep 2009
Jul 6, 2020
strayninja
Jul 6, 2020
141 Posts
Quote from coolpunch :
Does anyone know any of the lender who can give LE with 0 closing cost and 2.875% for 30 years?
That can vary depending on state, ltv, etc... Ex owning.com offers 2.75 but only in CA and 50% LTV up to 510k
Jul 6, 2020
900 Posts
Joined Nov 2017
Jul 6, 2020
gk6740
Jul 6, 2020
900 Posts
Quote from marsgamer :
When I shop around through other providers I see this option to select:

Which Policy Form are you using?
- ALTA Standard Coverage Loan Policy
- ALTA Extended Coverage Loan Policy
- ALTA Short form Residential Loan Policy

Which of the above we need to select ?.

Also the title settlement fee does it show up on the rate quote as a separate line item or this is all included in the price they quote?
In all of my quotes I never saw anything about ALTA. No idea what that is?
Jul 6, 2020
1,004 Posts
Joined Mar 2019
Jul 6, 2020
CycloneFW
Jul 6, 2020
1,004 Posts
Quote from gk6740 :
In all of my quotes I never saw anything about ALTA. No idea what that is?
ALTA = American Land Title Association. It's basically the common form/de facto lender's insurance contract that has developed over the years.

Think of it similar (but not quite) as how most lenders will write your mortgage notes to Fannie Mae or Freddie Mac standards, even if they have no intention of selling the mortgage to these entities. They are a convenient, standard set of contracts they can use.
Jul 6, 2020
79 Posts
Joined May 2017
Jul 6, 2020
Persdawg
Jul 6, 2020
79 Posts
loan cabin looks like a strong rate/credit contender.

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Jul 6, 2020
79 Posts
Joined May 2017
Jul 6, 2020
Persdawg
Jul 6, 2020
79 Posts
Quote :
Quote from coolpunch :
Does anyone know any of the lender who can give LE with 0 closing cost and 2.875% for 30 years?
i've locked that rate in with better as well...paying $200...but will have to pay the title costs at this point. applied with cabin loan last week...I prefaced an initial email from them with the current rate I was in and looking to beat...got an email from loan cabin today stating what they would match the rate with no lender fees and give me a $2500 credit to cover all title costs....not an actual LE, but better is in the process of matching it...so my loan processor says.
Jul 6, 2020
350 Posts
Joined Jun 2012
Jul 6, 2020
flyeaglesfly33
Jul 6, 2020
350 Posts
Has anyone used Watermark? I received a very good offer 15 years at 2.25 and roughly $1500 in lenders credit, but the LE he gave me did not include the credit. He said I had to lock before they would add it, and that makes me nervous. I asked about backing out after lock and he didn't seem thrilled about it.
Jul 6, 2020
1,970 Posts
Joined Aug 2010
Jul 6, 2020
Debit2Cash
Jul 6, 2020
1,970 Posts
I guess we will have to see how this goes....Betters lowest rate for me on a 30 year conventional is 3% with $3900 in closing costs. I got a competing rate at 2.75% with $845 in closing costs (origination fees less lender credits). I guess we will see if better gives me a 2.75% rate with a $155 credit for closing costs after $1000 rate match. Seems like a pretty big swing. The last time 2 months ago it wasn't nearly as big.
Jul 6, 2020
1,004 Posts
Joined Mar 2019
Jul 6, 2020
CycloneFW
Jul 6, 2020
1,004 Posts
Quote from flyeaglesfly33 :
Has anyone used Watermark? I received a very good offer 15 years at 2.25 and roughly $1500 in lenders credit, but the LE he gave me did not include the credit. He said I had to lock before they would add it, and that makes me nervous. I asked about backing out after lock and he didn't seem thrilled about it.
My competing offer to Better was from Watermark. 2.25% with only $300 lender credit. My rate with them is locked, but I have not done the intent to proceed. I would do the lock with them as that is a great offer. Had Watermark given me that offer, I may not have even bothered with Better this time around.
Last edited by CycloneFW July 6, 2020 at 03:14 PM.
Jul 6, 2020
900 Posts
Joined Nov 2017
Jul 6, 2020
gk6740
Jul 6, 2020
900 Posts
Quote from flyeaglesfly33 :
Has anyone used Watermark? I received a very good offer 15 years at 2.25 and roughly $1500 in lenders credit, but the LE he gave me did not include the credit. He said I had to lock before they would add it, and that makes me nervous. I asked about backing out after lock and he didn't seem thrilled about it.
They have made it very clear what you need to do.
LOCK and then get a valid LE. If you have to leave after that, tough crap on them. Of course he is not thrilled... so what?
Jul 6, 2020
568 Posts
Joined Sep 2014
Jul 6, 2020
Evils
Jul 6, 2020
568 Posts
I refinanced with Better at the end of February through my wife's Amex Green Card. Any chance I can refinance again today with my Amex card?
Jul 6, 2020
7,483 Posts
Joined Sep 2008
Jul 6, 2020
DogAndPony
Jul 6, 2020
7,483 Posts
Just received my check for $1,000 from the Better real estate program. Should have my $2,500 in the next few weeks. This has been an amazing deal

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Jul 6, 2020
110 Posts
Joined Jan 2007
Jul 6, 2020
Edge
Jul 6, 2020
110 Posts
Better.com matched for the 2nd (and final time). The offer looks good to me.

Anyone in TX ? My loan is under 4 years so I qualify for a discount on the title insurance. Do I have to use the same title company or I can pick any one ?
Quote :
https://www.tdi.texas.gov/title/titlefaqs.html

Do I get a discount if I refinance?

Yes, if you refinance within eight years. The premium discount varies, based on the number of years since your current loan began. If your current loan was within four years of your new loan, you get a 50% discount on the basic premium. If your current loan was between four and eight years before the new loan, you get a 25% discount. After eight years, you do not get a discount.

Do title companies charge the same policy premiums?

Yes. Title insurance rates in Texas are regulated. All title companies will charge the same premium for a policy. Rates are based on the property's sale value. For example, the basic premium for a $50,000 property is $522, and the basic premium for a $100,000 property is $875.

Texas Title Insurance Basic Premium Rates
https://www.tdi.texas.gov/title/t...s2013.html

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