Amex offer: $2,500 statement credit for home refinance Better.com

k1ngkev1n1

Jul 9, 2020 12:15 AM

3.8K Comments

Joined Oct 2010

k1ngkev1n1Jul 9, 2020 12:15 AM

3.8K Comments

Quote from moorampage

:

Got a 2.875 rate from loan cabin with $2200 in credit no escrow. Also agent mentioned rate float down until closing

They had a lot of fees on the estimate which won't be needed in the end, but better still considered them when matching (and the AMEX credit).

Better best offer match was to 2.875% rate, $900 credit with escrow and mentioned the AMEX credit as part of the match. They said it puts me ahead ~$2000, to me its near ~$1500.

Just saw BPG went to $100 Frown

, that's a shame

Decisions... up front benefit or bigger pay out after closing

How much was loan cabins fees?

Nobodyukno

Jul 9, 2020 12:26 AM

40 Comments

Joined Feb 2016

NobodyuknoJul 9, 2020 12:26 AM

40 Comments

How often does Better completely waive the appraisal on a refinance. I'm not talking about the fee, but the entire appraisal?

Phasers

Jul 9, 2020 12:28 AM

4.7K Comments

Joined Mar 2006

PhasersJul 9, 2020 12:28 AM

4.7K Comments

Quote from Nobodyukno

:

How often does Better completely waive the appraisal on a refinance. I'm not talking about the fee, but the entire appraisal?

They waived my appraisal requirement.

sarrisa

Jul 9, 2020 12:31 AM

612 Comments

Joined Apr 2009

sarrisaJul 9, 2020 12:31 AM

612 Comments

The guy I'm working with is Mathieu. I submitted a loan estimate from Central Bank for 2.75% no points 20 yr and asked for a match. He came back with sure we can do 2.75% and then added 1.35% of the loan amount in points. He basically bumped added points so the closing costs and monthly payments would match Central Banks. This is not how it worked when I refinanced a few months ago Frown

Zwitterion

Jul 9, 2020 12:33 AM

1.2K Comments

Joined Nov 2011

ZwitterionJul 9, 2020 12:33 AM

1.2K Comments

Quote from savemybucks

:

Well his team has been quite responsive, daily follow up (I guess its because I haven't locked the rate) Matching email comes within couple hours, its just I am not able to get what others have gotten in past. Maybe they have wised up or rates are lower than past 2-3 months that they can't afford positive credit loans. I will be paying .61% points on 2.25 rate and obviously no "beating" by $1000 bucks. Then why the hell their price match guarantee, which btw is $100 now.

The jig is up with Better. Their pipeline is full, so no need to aggresively match like they were doing earlier. I wasted a lot of time trying to fight this fact.

CycloneFW

Jul 9, 2020 12:34 AM

1K Comments

Joined Mar 2019

CycloneFWJul 9, 2020 12:34 AM

1K Comments

Quote from sarrisa

:

The guy I'm working with is Mathieu. I submitted a loan estimate from Central Bank for 2.75% no points 20 yr and asked for a match. He came back with sure we can do 2.75% and then added 1.35% of the loan amount in points. He basically bumped added points so the closing costs and monthly payments would match Central Banks. This is not how it worked when I refinanced a few months ago Frown

But did he change the lender credits in Section J?

I've seen them do it both ways. Sometimes change what the cost for the point was and sometime (or even in addition to) add lender credits to offset the points they are charging.

sarrisa

Jul 9, 2020 12:40 AM

612 Comments

Joined Apr 2009

sarrisaJul 9, 2020 12:40 AM

612 Comments

Quote from CycloneFW

:

But did he change the lender credits in Section J?

I've seen them do it both ways. Sometimes change what the cost for the point was and sometime (or even in addition to) add lender credits to offset the points they are charging.

No that doesn't have any amount.

gk6740

Jul 9, 2020 12:46 AM

908 Comments

Joined Nov 2017

gk6740Jul 9, 2020 12:46 AM

908 Comments

Quote from Nobodyukno

:

How often does Better completely waive the appraisal on a refinance. I'm not talking about the fee, but the entire appraisal?

It is normally tied to some FannieMae rules. Something with equity,time.. not sure. All 6-7 of my quotes waived it.

CycloneFW

Jul 9, 2020 1:00 AM

1K Comments

Joined Mar 2019

CycloneFWJul 9, 2020 1:00 AM

1K Comments

Quote from sarrisa

:

No that doesn't have any amount.

Ouch. When I had a rate match done, at first it was just the rate difference with points compared to what I had shared before. I complained in the evening and the next morning I had a discount applied. I don't know if my complaint email didn't matter or if all the updates hadn't quite gone in yet. But hopefully tomorrow they will improve that offer as it sounds like they didn't change anything.

brat7705

Jul 9, 2020 1:07 AM

639 Comments

Joined Jan 2009

brat7705Jul 9, 2020 1:07 AM

639 Comments

Quote from sarrisa

:

The guy I'm working with is Mathieu. I submitted a loan estimate from Central Bank for 2.75% no points 20 yr and asked for a match. He came back with sure we can do 2.75% and then added 1.35% of the loan amount in points. He basically bumped added points so the closing costs and monthly payments would match Central Banks. This is not how it worked when I refinanced a few months ago Frown

I had that happen to me. I asked about it and it was removed!!

SiennaDeer8270

Jul 9, 2020 1:12 AM

1.4K Comments

Joined Jan 2020

SiennaDeer8270Jul 9, 2020 1:12 AM

1.4K Comments

Quote from JetBlast

:

My loan balance went up because they rolled the 10 months of escrow of property taxes into the loan. That's $6,500 alone that I would have to pay anyways. I guess I could pay that up front and then wait for my current amount of escrow to be released to me, but it seems like this is what most people do. At least I'll get about $5k back in cash from my current mortgage company.

People are way too willing to pay upfront escrow. Invest it in tsla and you'll double your money in a matter of weeks.

seawolf

Jul 9, 2020 1:14 AM

1.4K Comments

Joined Jan 2004

seawolfJul 9, 2020 1:14 AM

1.4K Comments

Quote from Nobodyukno

:

How often does Better completely waive the appraisal on a refinance. I'm not talking about the fee, but the entire appraisal?

My understanding is that it depends on Fannie Mae not the lender.

SomeXYZ

Jul 9, 2020 1:46 AM

205 Comments

Joined Aug 2013

SomeXYZJul 9, 2020 1:46 AM

205 Comments

Locked today with better.com

Rate : 2.75
Term : 30
Credits : 1400
Credit : 755

PS: This is the 2nd refinance with better.com. Last one(3.375%) was closed on 05/04/2020 and got 2.5k from amex.

Last edited by SomeXYZ July 8, 2020 at 06:48 PM.

shahhere

Jul 9, 2020 2:01 AM

5.4K Comments

Joined Jul 2006

shahhereJul 9, 2020 2:01 AM

5.4K Comments

Quote from SomeXYZ

:

Locked today with better.com

Rate : 2.75
Term : 30
Credits : 1400
Credit : 755

PS: This is the 2nd refinance with better.com. Last one(3.375%) was closed on 05/04/2020 and got 2.5k from amex.

Loan amount, value?

Shahhere

SomeXYZ

Jul 9, 2020 2:02 AM

205 Comments

Joined Aug 2013

SomeXYZJul 9, 2020 2:02 AM

205 Comments

Quote from shahhere

:

Loan amount, value?

Shahhere

260k/330k

Amex offer: $2,500 statement credit for home refinance Better.com

Community Voting

Join The Conversation

9.8K Comments

Join The Conversation

Related Searches

Popular Deals

Trending Deals