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

SomeXYZ

Jul 9, 2020 3:54 PM

205 Comments

Joined Aug 2013

SomeXYZJul 9, 2020 3:54 PM

205 Comments

Try with amfedmtg.com. They said this.

30 Yr Fixed – 0 Points
Loan Amount: $259,000.00
Rate: 2.75%
Monthly Principal and Interest: $1,057
Fees: NO LENDER FEES (Appraisal waived)
Credit: $2,600

30 Yr Fixed – 0 Points
Loan Amount: $259,000.00
Rate: 2.625%
Monthly Principal and Interest: $1,040
Fees: NO LENDER FEES (Appraisal waived)
Credit: $1,300

Quote from rspray

:

So mad that MA is excluded from Better. I just re-fi'd last year at 3.25% (30 yr, no pts), and might cave and go again if it starts going < 2.75%.

1

k1ngkev1n1

Jul 9, 2020 3:58 PM

3.8K Comments

Joined Oct 2010

k1ngkev1n1Jul 9, 2020 3:58 PM

3.8K Comments

Quote from SomeXYZ

:

Try with amfedmtg.com. They said this.

30 Yr Fixed – 0 Points
Loan Amount: $259,000.00
Rate: 2.75%
Monthly Principal and Interest: $1,057
Fees: NO LENDER FEES (Appraisal waived)
Credit: $2,600

30 Yr Fixed – 0 Points
Loan Amount: $259,000.00
Rate: 2.625%
Monthly Principal and Interest: $1,040
Fees: NO LENDER FEES (Appraisal waived)
Credit: $1,300

geez that seems really good haha. no CA for that one ha.

cdancer20

Jul 9, 2020 4:00 PM

607 Comments

Joined Dec 2013

cdancer20Jul 9, 2020 4:00 PM

607 Comments

Quote from SDRebel

:

damn, which one is that? i have a ton of bank accounts (due to bonuses Big Grin

) but only a couple with enough for the closing.
HSBC is very stupid, so I think I'm going to have to do Chase

Aspiration. I'm not sure how I missed them when I originally bought my house a couple of years back. I used another bank that charged like $15. Of course, you can move money around in your bank accounts before doing the wire. That's what I did both times.

cdancer20

Jul 9, 2020 4:04 PM

607 Comments

Joined Dec 2013

cdancer20Jul 9, 2020 4:04 PM

607 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.

I'm not sure where you got that a lot of people are doing this? I personally have not read that on this thread. I definitely suggest NOT rolling it in if you can afford to pay it now. Even though you could immediately pay it back, your monthly bill will still be higher each month. If you have the funds now, just pay it upfront. That's what I did. I paid $8000 at closing and am getting back $5500. I had to pay a little extra to cover the interest for that month. I closed on the 15th and was told not to make a monthly payment.

k1ngkev1n1

Jul 9, 2020 4:11 PM

3.8K Comments

Joined Oct 2010

k1ngkev1n1Jul 9, 2020 4:11 PM

3.8K Comments

has anyone confirmed you dont need an email from amex or offer to get this deal as long as you have an amex card/account? I havent gotten any email or offer, but i have the amex preferred card and blue cash.

thanks,

JetBlast

Jul 9, 2020 4:21 PM

922 Comments

Joined Aug 2010

JetBlastJul 9, 2020 4:21 PM

922 Comments

Quote from cdancer20

:

I'm not sure where you got that a lot of people are doing this? I personally have not read that on this thread. I definitely suggest NOT rolling it in if you can afford to pay it now. Even though you could immediately pay it back, your monthly bill will still be higher each month. If you have the funds now, just pay it upfront. That's what I did. I paid $8000 at closing and am getting back $5500. I had to pay a little extra to cover the interest for that month. I closed on the 15th and was told not to make a monthly payment.

Quote from cdancer20

:

I'm not sure where you got that a lot of people are doing this? I personally have not read that on this thread. I definitely suggest NOT rolling it in if you can afford to pay it now. Even though you could immediately pay it back, your monthly bill will still be higher each month. If you have the funds now, just pay it upfront. That's what I did. I paid $8000 at closing and am getting back $5500. I had to pay a little extra to cover the interest for that month. I closed on the 15th and was told not to make a monthly payment.

But can't I invest that money and make more than 2.75%?

flyeaglesfly33

Jul 9, 2020 4:22 PM

350 Comments

Joined Jun 2012

flyeaglesfly33Jul 9, 2020 4:22 PM

350 Comments

I just received my initial closing disclosures and it includes a bunch of costs that have not been in my previous LEs. I do not have an escrow but in section F "Prepaid" they are charging 3 months worth of Home Owners Insurance (I pay this bill monthly) and 12 months worth of taxes (these are due 8/31 and also this amount is higher than the due amount). Is this common?

SDRebel

Jul 9, 2020 4:24 PM

41.6K Comments

Joined Apr 2006

SDRebelJul 9, 2020 4:24 PM

41.6K Comments

Quote from cdancer20

:

Aspiration. I'm not sure how I missed them when I originally bought my house a couple of years back. I used another bank that charged like $15. Of course, you can move money around in your bank accounts before doing the wire. That's what I did both times.

thanks. i could have moved the money, but not in time for tomorrow...next round maybe Big Grin

brat7705

Jul 9, 2020 4:30 PM

639 Comments

Joined Jan 2009

brat7705Jul 9, 2020 4:30 PM

639 Comments

Quote from flyeaglesfly33

:

I just received my initial closing disclosures and it includes a bunch of costs that have not been in my previous LEs. I do not have an escrow but in section F "Prepaid" they are charging 3 months worth of Home Owners Insurance (I pay this bill monthly) and 12 months worth of taxes (these are due 8/31 and also this amount is higher than the due amount). Is this common?

Sounds reasonable if the taxes are due next month!

SDRebel

Jul 9, 2020 4:32 PM

41.6K Comments

Joined Apr 2006

SDRebelJul 9, 2020 4:32 PM

41.6K Comments

Quote from JetBlast

:

But can't I invest that money and make more than 2.75%?

you can go to r/wallstreetbets and make 300% Big Grin

(or lose it all laugh out loud

)

SDRebel

Jul 9, 2020 4:34 PM

41.6K Comments

Joined Apr 2006

SDRebelJul 9, 2020 4:34 PM

41.6K Comments

Quote from flyeaglesfly33

:

I just received my initial closing disclosures and it includes a bunch of costs that have not been in my previous LEs. I do not have an escrow but in section F "Prepaid" they are charging 3 months worth of Home Owners Insurance (I pay this bill monthly) and 12 months worth of taxes (these are due 8/31 and also this amount is higher than the due amount). Is this common?

same here. my tax escrow in the previous LEs looked pretty damn low, but then on the closing disclosures it went up a lot (by thousands...) then on the day before closing it went down by about $2000...it's a bit messy, but oh well
(I think it all boils down to escrow amounts)

k1ngkev1n1

Jul 9, 2020 4:39 PM

3.8K Comments

Joined Oct 2010

k1ngkev1n1Jul 9, 2020 4:39 PM

3.8K Comments

quick question for loan cabin i locked the rate because that was the only way to get an office LE can i just back out after?

Phasers

Jul 9, 2020 4:44 PM

4.7K Comments

Joined Mar 2006

PhasersJul 9, 2020 4:44 PM

4.7K Comments

Quote from k1ngkev1n1

:

quick question for loan cabin i locked the rate because that was the only way to get an office LE can i just back out after?

They can't legally obligate you to close with them.

That being said, once Better.com matches, then let loan cabin know you won't be going with them

philh97

Jul 9, 2020 4:45 PM

108 Comments

Joined Dec 2006

philh97Jul 9, 2020 4:45 PM

108 Comments

Has anyone refinanced again after closing a refinance in the same month with Better? Just curious as I found a rate 1/4 point lower than what I just closed for. Thanks!

k1ngkev1n1

Jul 9, 2020 4:46 PM

3.8K Comments

Joined Oct 2010

k1ngkev1n1Jul 9, 2020 4:46 PM

3.8K Comments

Quote from Phasers

:

They can't legally obligate you to close with them.

That being said, once Better.com matches, then let loan cabin know you won't be going with them

thank you, hopefiully better matches/beats Smilie

should i note the amex deal ahead or after all the details are ironed out with rates and closnig costs? i would like to have it added on my app at the end like when you buy a car everything negotiated then bring in the used car haha...

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

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