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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Can someone explain me how this works.
Thanks
Here is my rate sheet from today with Better.com matching the 2.75% but increasing the fees and taking the credit away from -$350 to +$175.
Not sure if i should lock and then force them to lower the rates or what?
Shahhere
6/29 - Submitted to Better/Arnold, who replied "We won't be able to match their offer." To get 2.625, I would have to pay Better ~$11,000 in points. They also said based on their policy, they don't have to match loans over $500K. "Offer is only valid in states where Better Mortgage is currently originating loans. It includes all loan products on single-family residences, condominiums and PUDs with a loan amount less than or equal to $500,000." So there is no $100 or $1000 if they cannot beat other offers. What's the point of going through the Amex link and then give really high rate quote, forcing you to shop around for a chance to see if they would match. Keep in mind that their rate on zillow was 2.75% for me. Save your time and go elsewhere. And if you happen to get Arnold...run away!
I dont know if i should lock and then force their hand at a better loan estimate. Loan Cabin is a locked estimate so I am not sure what to do.
Either way with Amex I am ahead but damm man this is frustration as they never responded after numerous emails and calls so it looks like a swing of about $500ish bucks in their favor.
Shahhere
29 June - Got LEs from better and another lender offering 2.24 with $1500 orig (A) + 1200$ (C) and $800 credit. Better matched 2.25 (can't recall points cost) and 425$ (D; after title quote match and 1025$ credit).
30 June - Title report ordered.
3 July - Title cleared
8 July - Task Amex number and Name
11 July - potential closing
I have spoken very little over the phone. I emailed the competitor LE. It is now uploaded by them on to one of my tasks (Still shows under review and modify submission, although it was matched on 30th June).
"Upload a competing Loan Estimate
We're confident our prices are better. So, if you think another lender has a more competitive offer, upload it here and we'll try and beat it. If you don't have an official estimate, reach out to our support team. We may still be able to find a discount depending on the situation."
I'm guessing they can modify the LE until final disclosures are issued. Just my 2 cents......
29 June - Got LEs from better and another lender offering 2.24 with $1500 orig (A) + 1200$ (C) and $800 credit. Better matched 2.25 (can't recall points cost) and 425$ (D; after title quote match and 1025$ credit).
30 June - Title report ordered.
3 July - Title cleared
8 July - Task Amex number and Name
11 July - potential closing
I have spoken very little over the phone. I emailed the competitor LE. It is now uploaded by them on to one of my tasks (Still shows under review and modify submission, although it was matched on 30th June).
"Upload a competing Loan Estimate
We're confident our prices are better. So, if you think another lender has a more competitive offer, upload it here and we'll try and beat it. If you don't have an official estimate, reach out to our support team. We may still be able to find a discount depending on the situation."
I'm guessing they can modify the LE until final disclosures are issued. Just my 2 cents......
29 June - Got LEs from better and another lender offering 2.24 with $1500 orig (A) + 1200$ (C) and $800 credit. Better matched 2.25 (can't recall points cost) and 425$ (D; after title quote match and 1025$ credit).
30 June - Title report ordered.
3 July - Title cleared
8 July - Task Amex number and Name
11 July - potential closing
I have spoken very little over the phone. I emailed the competitor LE. It is now uploaded by them on to one of my tasks (Still shows under review and modify submission, although it was matched on 30th June).
"Upload a competing Loan Estimate
We're confident our prices are better. So, if you think another lender has a more competitive offer, upload it here and we'll try and beat it. If you don't have an official estimate, reach out to our support team. We may still be able to find a discount depending on the situation."
I'm guessing they can modify the LE until final disclosures are issued. Just my 2 cents......
29 June - Got LEs from better and another lender offering 2.24 with $1500 orig (A) + 1200$ (C) and $800 credit. Better matched 2.25 (can't recall points cost) and 425$ (D; after title quote match and 1025$ credit).
30 June - Title report ordered.
3 July - Title cleared
8 July - Task Amex number and Name
11 July - potential closing
I have spoken very little over the phone. I emailed the competitor LE. It is now uploaded by them on to one of my tasks (Still shows under review and modify submission, although it was matched on 30th June).
"Upload a competing Loan Estimate
We're confident our prices are better. So, if you think another lender has a more competitive offer, upload it here and we'll try and beat it. If you don't have an official estimate, reach out to our support team. We may still be able to find a discount depending on the situation."
I'm guessing they can modify the LE until final disclosures are issued. Just my 2 cents......
29 June - Got LEs from better and another lender offering 2.24 with $1500 orig (A) + 1200$ (C) and $800 credit. Better matched 2.25 (can't recall points cost) and 425$ (D; after title quote match and 1025$ credit).
30 June - Title report ordered.
3 July - Title cleared
8 July - Task Amex number and Name
11 July - potential closing
I have spoken very little over the phone. I emailed the competitor LE. It is now uploaded by them on to one of my tasks (Still shows under review and modify submission, although it was matched on 30th June).
"Upload a competing Loan Estimate
We're confident our prices are better. So, if you think another lender has a more competitive offer, upload it here and we'll try and beat it. If you don't have an official estimate, reach out to our support team. We may still be able to find a discount depending on the situation."
I'm guessing they can modify the LE until final disclosures are issued. Just my 2 cents......
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My realtor is pissed but I like it to get a real estimate..
Any ideas what triggers a change in appraisal or second one??.. Did it come too high or too low???
thanks,
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