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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.
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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
199 Posts
Joined Jun 2005
Jul 9, 2020
rlchavda
Jul 9, 2020
199 Posts
Quote from Phasers :
I got 2.375% with $2000 in credits using a match from Tuesday.
wow, who is the lender for that quote ? Any chance to get 2.25 for 15 years without point ?
Jul 9, 2020
2 Posts
Joined Jul 2020
Jul 9, 2020
SkillfulWalrus727
Jul 9, 2020
2 Posts
I am at 15 year 3.1% locked with 4000 back in credits plus 2500 amex and 500 appraisal waived.

Would you take this deal. The issue is that my credit is a bit lower than I need so the 30 year term interest is too high.
Jul 9, 2020
597 Posts
Joined Jan 2008
Jul 9, 2020
vulcanbolt
Jul 9, 2020
597 Posts
Quote from damnyou :
Thanks. I have done that. Haven't heard from the concerned person yet
They have a call scheduling feature on the portal. See if your person has availability and schedule a call. some have had success doing this
Jul 9, 2020
11,083 Posts
Joined Aug 2007
Jul 9, 2020
damnyou
Jul 9, 2020
11,083 Posts
Quote from SreeG :
Any suggestions for title insurance and other closing cost quotes for a GA property? Thank you.
I have used them in past here in Atlanta area for estimating costs. There might be some on the cheaper side but these guys do the leg work quite effectively

https://www.campbellandbrannon.com/fees/

You can enter any email. They wont spam your address.
Jul 9, 2020
126 Posts
Joined Oct 2018
Jul 9, 2020
David9569
Jul 9, 2020
126 Posts
Quote from rspray :



I got this, and won't know if they can drop the $525 inspection until I apply (my refi last September did):
Loan Type:30 Year Fixed
Rate:2.625%
Loan Amount:$428,000
Monthly Payment: (P&I) $1,719.00
Discount Points$1,700.00
Lender Closing Credits: ($750.00)

Total Lender Fees:$2,317.00
I was able to get my guy to run a 2.625. My total lender fees were exactly $1000 more! I wonder why. Credit score around 800, PA.
Last edited by David9569 July 9, 2020 at 01:39 PM.
Jul 9, 2020
4,655 Posts
Joined Mar 2006
Jul 9, 2020
Phasers
Jul 9, 2020
4,655 Posts
Quote from rlchavda :
wow, who is the lender for that quote ? Any chance to get 2.25 for 15 years without point ?
Lenderfi.
Jul 9, 2020
3,123 Posts
Joined Jun 2007
Jul 9, 2020
nicemann
Jul 9, 2020
3,123 Posts
Quote from SkillfulWalrus727 :
I am at 15 year 3.1% locked with 4000 back in credits plus 2500 amex and 500 appraisal waived.

Would you take this deal. The issue is that my credit is a bit lower than I need so the 30 year term interest is too high.
Really depends on what your credit is (I know you said lower), what the loan amount is, and also what the house is worth for the LTV.

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Jul 9, 2020
108 Posts
Joined Dec 2006
Jul 9, 2020
philh97
Jul 9, 2020
108 Posts
What's the soonest anyone has been able to refinance again? I just closed a refinance with Better a few days ago and found a lower rate with the same credits and wondering if I should reapply to Better and try to have them match or just go with the other lender.
Jul 9, 2020
126 Posts
Joined Jun 2020
Jul 9, 2020
Letsgogogo
Jul 9, 2020
126 Posts
Quote from philh97 :
What's the soonest anyone has been able to refinance again? I just closed a refinance with Better a few days ago and found a lower rate with the same credits and wondering if I should reapply to Better and try to have them match or just go with the other lender.
Did you get confirmation from them you're getting $2500? Was this from concierge?
Jul 9, 2020
52 Posts
Joined Jan 2012
Jul 9, 2020
scorpioneyes
Jul 9, 2020
52 Posts
Quote from stm69 :
Just a quick note, credits are a function on how points work for mortgages. So let's say you have a 3% quote with 0 points. You can buy a point (pay) to get to 2.75% or you can take a point (credit) to go to 3.25%. What you pay or get credited, is approximately 1% of your loan - so when you're only borrowing $200K, your points cost or credit will be less than a $500K loan. Each lender's rate table might vary a little, and they may even charge slightly more to buy points and give out less in credit, but the example still holds.

To your other questions, optimally better will match plus $1K in your favor. Lately it seems like they're not chasing business. Your LTV is what owning desires, they'd be a good one to get a LE to match to better. And you can actually do both properties at same time and get multiple credits. My last better loan officer had a client doing 4 properties simultaneously on the deal.
thank you! this is good info. i checked rates on the rental again and they differed much from yesterday so i may not bother with that loan. it would be great if i can find a local broker or agent who can do both and give me best pricing for two deals
Jul 9, 2020
1,960 Posts
Joined Nov 2007
Jul 9, 2020
Rhizzlebop
Jul 9, 2020
1,960 Posts
I've read pages of this thread for a few months and still not sure if I can refi the same house a second time and get the offer on the same card again.

I closed my refi May 2nd and got my bonus Sunday July 5th. 30 yr. 3.25%. Thinking it could be worth it if I can come out at a net zero cost and drop to a 2.75%.

Thoughts appreciated.
Jul 9, 2020
1,004 Posts
Joined Mar 2019
Jul 9, 2020
CycloneFW
Jul 9, 2020
1,004 Posts
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?
Not uncommon (don't know if common though). I have the same for property taxes with a similar due date. Better said it is a Fannie Mae regulation given my closing date and when taxes are do. Since that would collect so much anyways, I had Better NOT waive the escrow for me ($450 savings to me). I will request the escrow waiver later this year after taxes are paid and hopefully not pay the $450.
Quote from MilesHunter :
Are people getting below 3% without having to do escrow? I don't want to escrow as I have more than 20% equity in my home.
For me, waiving escrow was $450 in more points/less credits. It didn't impact my rate options, just the cost for them. So I'd say yes to your question.
Quote from brat7705 :
I believe multiple people at better are able to make edits to an application. They are likely not on the same page. Seems like you got your wish!!
Indeed sounds like it. Yay for flyeaglesfly!
Jul 9, 2020
108 Posts
Joined Dec 2006
Jul 9, 2020
philh97
Jul 9, 2020
108 Posts
Quote from Letsgogogo :
Did you get confirmation from them you're getting $2500? Was this from concierge?
I haven't received confirmation yet. I did provide them with the last 5 of my amex as a task before closing though. Should I be receiving any confirmation before applying again?
Jul 9, 2020
11,083 Posts
Joined Aug 2007
Jul 9, 2020
damnyou
Jul 9, 2020
11,083 Posts
Quote from dsrb4u :
They have a call scheduling feature on the portal. See if your person has availability and schedule a call. some have had success doing this
Thank you. I scheduled a call for Monday (earliest available date and time)

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Jul 9, 2020
2,467 Posts
Joined Jun 2011
Jul 9, 2020
savemybucks
Jul 9, 2020
2,467 Posts
Better is getting really cocky now. To hell with them. Can't even match, forget about beating. There are better lenders now who genuinely value your relationship and have lower costs than Better. At the end I stand to spend about $700 more in closing but definitely not giving business to Better.

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