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

rlchavda

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 ?

SkillfulWalrus727

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.

vulcanbolt

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

damnyou

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.

David9569

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.

Phasers

Jul 9, 2020

4,660 Posts

Joined Mar 2006

Jul 9, 2020

Phasers

Jul 9, 2020

4,660 Posts

Quote from rlchavda

:

wow, who is the lender for that quote ? Any chance to get 2.25 for 15 years without point ?

Lenderfi.

nicemann

Jul 9, 2020

3,126 Posts

Joined Jun 2007

Jul 9, 2020

nicemann

Jul 9, 2020

3,126 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.

philh97

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.

Letsgogogo

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?

scorpioneyes

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

Rhizzlebop

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.

CycloneFW

Jul 9, 2020

1,007 Posts

Joined Mar 2019

Jul 9, 2020

CycloneFW

Jul 9, 2020

1,007 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!

philh97

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?

damnyou

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)

savemybucks

Jul 9, 2020

2,468 Posts

Joined Jun 2011

Jul 9, 2020

savemybucks

Jul 9, 2020

2,468 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.

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

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