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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 9, 2020
3,720 Posts
Joined Oct 2010
Jul 9, 2020
k1ngkev1n1
Jul 9, 2020
3,720 Posts
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?
Jul 9, 2020
39 Posts
Joined Feb 2016
Jul 9, 2020
Nobodyukno
Jul 9, 2020
39 Posts
How often does Better completely waive the appraisal on a refinance. I'm not talking about the fee, but the entire appraisal?
Jul 9, 2020
4,655 Posts
Joined Mar 2006
Jul 9, 2020
Phasers
Jul 9, 2020
4,655 Posts
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.
Jul 9, 2020
608 Posts
Joined Apr 2009
Jul 9, 2020
sarrisa
Jul 9, 2020
608 Posts
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
Jul 9, 2020
1,188 Posts
Joined Nov 2011
Jul 9, 2020
Zwitterion
Jul 9, 2020
1,188 Posts
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.
Jul 9, 2020
1,004 Posts
Joined Mar 2019
Jul 9, 2020
CycloneFW
Jul 9, 2020
1,004 Posts
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.
Jul 9, 2020
608 Posts
Joined Apr 2009
Jul 9, 2020
sarrisa
Jul 9, 2020
608 Posts
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.

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Jul 9, 2020
900 Posts
Joined Nov 2017
Jul 9, 2020
gk6740
Jul 9, 2020
900 Posts
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.
Jul 9, 2020
1,004 Posts
Joined Mar 2019
Jul 9, 2020
CycloneFW
Jul 9, 2020
1,004 Posts
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.
Jul 9, 2020
639 Posts
Joined Jan 2009
Jul 9, 2020
brat7705
Jul 9, 2020
639 Posts
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!!
Jul 9, 2020
1,412 Posts
Joined Jan 2020
Jul 9, 2020
SiennaDeer8270
Jul 9, 2020
1,412 Posts
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.
Jul 9, 2020
1,391 Posts
Joined Jan 2004
Jul 9, 2020
seawolf
Jul 9, 2020
1,391 Posts
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.
Jul 9, 2020
205 Posts
Joined Aug 2013
Jul 9, 2020
SomeXYZ
Jul 9, 2020
205 Posts
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.
Pro
Jul 9, 2020
5,053 Posts
Joined Jul 2006
Jul 9, 2020
shahhere
Pro
Jul 9, 2020
5,053 Posts
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

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Jul 9, 2020
205 Posts
Joined Aug 2013
Jul 9, 2020
SomeXYZ
Jul 9, 2020
205 Posts
Quote from shahhere :
Loan amount, value?

Shahhere
260k/330k

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