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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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Jul 10, 2020
3,720 Posts
Joined Oct 2010
Jul 10, 2020
k1ngkev1n1
Jul 10, 2020
3,720 Posts
Quote from CycloneFW :
My refi (2nd round) at Better is conditionally approved and just waiting on the title work before we can schedule closing. Meanwhile, with the continued rate drops, I kept shopping around. I'm happy to report that Better matched a competing offer I sent them last night. Matched, to the penny.

I am ok with matching only. In the prior refi, they got were $150 over the competitor and in this refi they were $500 over. Now I'm waiting on screenshots of my updated rate table to see which is the best option for me to maximize things.

For reference, the competing offer was 2.375% on a 15-year with no lender fees and 3rd party costs $150 cheaper than I found locally (and $350 cheaper than Better's estimate). This is all before the Amex credit.
After they match you told them to add the Amex offer to the application?
Jul 10, 2020
900 Posts
Joined Nov 2017
Jul 10, 2020
gk6740
Jul 10, 2020
900 Posts
Signing papers on Friday with Better. (notary coming to house).

Apparently the actual funding does not happen for a few days.

Anyone know what that means? What happens in the days in between? Do they do another credit check or require more paperwork? Any chance it does not close at that point?
Jul 10, 2020
1,004 Posts
Joined Mar 2019
Jul 10, 2020
CycloneFW
Jul 10, 2020
1,004 Posts
Quote from KaatuPaadi :
Conditionally approved before locking??
I guess I made the mistake of locking right away ??​
My apologies. I locked on April 30th when they got $500 over the 1st match. But now I had them compete again, even though I was already locked.
Jul 10, 2020
1,004 Posts
Joined Mar 2019
Jul 10, 2020
CycloneFW
Jul 10, 2020
1,004 Posts
Quote from k1ngkev1n1 :
After they match you told them to add the Amex offer to the application?
Nope. I applied via the Amex promo link from the beginning. When they first competed with another lender, they said "We end up $500 more. However, after the Amex credit, we are still $2,000 ahead of them."
Jul 10, 2020
2,741 Posts
Joined Jun 2008
Jul 10, 2020
KaatuPaadi
Jul 10, 2020
2,741 Posts
Quote from CycloneFW :
Nope. I applied via the Amex promo link from the beginning.
Looks like u have a refi not a house close.. because rifi you can do whatever u want, wait and get the best rate..

For a house closing, we r running against time
Jul 10, 2020
205 Posts
Joined Aug 2013
Jul 10, 2020
SomeXYZ
Jul 10, 2020
205 Posts
Quote from CycloneFW :
My refi (2nd round) at Better is conditionally approved and just waiting on the title work before we can schedule closing. Meanwhile, with the continued rate drops, I kept shopping around. I'm happy to report that Better matched a competing offer I sent them last night. Matched, to the penny.

I am ok with matching only. In the prior refi, they got were $150 over the competitor and in this refi they were $500 over. Now I'm waiting on screenshots of my updated rate table to see which is the best option for me to maximize things.

For reference, the competing offer was 2.375% on a 15-year with no lender fees and 3rd party costs $150 cheaper than I found locally (and $350 cheaper than Better's estimate). This is all before the Amex credit.
Make sure you are eligible for 2.5k amex credit. Better people are not confirming it.
Jul 10, 2020
205 Posts
Joined Aug 2013
Jul 10, 2020
SomeXYZ
Jul 10, 2020
205 Posts
Can I lock rate with multiple lenders?

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Jul 10, 2020
1,004 Posts
Joined Mar 2019
Jul 10, 2020
CycloneFW
Jul 10, 2020
1,004 Posts
Quote from SomeXYZ :
Make sure you are eligible for 2.5k amex credit. Better people are not confirming it.
Oh, I've confirmed. Not worried there.

To be safe though, I will confirm again before closing and I won't schedule closing until my prior refi's credit is paid out. Any day now. I'm checking my Amex online account like 6x/day lol!
Jul 10, 2020
366 Posts
Joined Nov 2009
Jul 10, 2020
dark530
Jul 10, 2020
366 Posts
Quote from k1ngkev1n1 :
finally got my LE from loan cabin.

2.65%, 0pts, 30 yr, 2k cost to close they did note this is higher then it really will be. 235k loan. will be sending to better to match see what happens...
How long did it take them to get back to you? I'm at day 3 with no communication...
Jul 10, 2020
900 Posts
Joined Nov 2017
Jul 10, 2020
gk6740
Jul 10, 2020
900 Posts
Quote from SomeXYZ :
Can I lock rate with multiple lenders?
yes.... got LE from 6-7 lenders.Locked with 2. Pretty sure you can lock with as many as you want.
Jul 10, 2020
3,720 Posts
Joined Oct 2010
Jul 10, 2020
k1ngkev1n1
Jul 10, 2020
3,720 Posts
Quote from dark530 :
How long did it take them to get back to you? I'm at day 3 with no communication...
I had to lock rate to get LE. Then 2 days after locking got the LE.
Jul 10, 2020
639 Posts
Joined Jan 2009
Jul 10, 2020
brat7705
Jul 10, 2020
639 Posts
Quote from CycloneFW :
Oh, I've confirmed. Not worried there.

To be safe though, I will confirm again before closing and I won't schedule closing until my prior refi's credit is paid out. Any day now. I'm checking my Amex online account like 6x/day lol!
I have nothing but great experience with better.com!! This is my 2nd round of refi .. after the Jan 2020 closing.....
Started June 29th and closing 8 AM on July 11th Applause
Matched - 2.25% for 15 year..... 425$ (A+B+C - lender credit) before the $2500 amex credit.....
Jul 10, 2020
499 Posts
Joined Aug 2006
Jul 10, 2020
vfx
Jul 10, 2020
499 Posts
Quote from KaatuPaadi :
Did you get a quote for 4K credit from another lender?? They are only matching rate for me.. Which state??
CA. I got 4K2 in credit from Loan Depot. I just locked in rate with them. It'd be nice that Better to price match but they're not doing it so no choice. The loan office Im working with is nice so I went with LD. Rate might not be there tomorrow. No regret if it goes down to 2.5. Maybe a little. But we don't know that. If it goes down 2.0 then I'll probably do it again.
Last edited by vfx July 9, 2020 at 09:26 PM.
Jul 10, 2020
73 Posts
Joined Apr 2018
Jul 10, 2020
NathanR3270
Jul 10, 2020
73 Posts
Quote from Rhizzlebop :
Just an update. Closed my refi on May 2nd. Funded may 7th. Got my $2500 credit Sunday July 5th.

I'm in South Carolina. Got 30 yr 3.25% on 200k loan. 800 credit. Home value 275k.

I've scanned many pages of this thread. Can I apply again for same home on same Amex card and get this bonus again or must it be a different house or different Amex card?
When day does your statement close on your Amex?

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Jul 10, 2020
3,202 Posts
Joined Feb 2004
Jul 10, 2020
mnsweeps
Jul 10, 2020
3,202 Posts
I got my closing disclosure but there is no task to enter AMEX no. Plus I was supposed to get some $250 cash but now I see I have to pay them $247 or so... so numbers have changed.

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