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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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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
155 Posts
Joined Nov 2017
Jul 10, 2020
CurryFishBalls
Jul 10, 2020
155 Posts
Quote from k1ngkev1n1 :
wonder if amex has any kind of protocol we need to get the credit... like a note on the application or something. Or i think someone said better has to notifiy amex or something.
so I chatted with Amex again, I was told by the rep that I absolutely do not need a to have the email to be qualified the offer.
And I contacted better rep, and send her the chat history with Amex. She said I'm good to go, and she will make sure my application was tagged as Amex and received the credit.

So to answer your question, seems like on better.com side, they do keep some note on each application.
Jul 10, 2020
126 Posts
Joined Jun 2020
Jul 10, 2020
Letsgogogo
Jul 10, 2020
126 Posts
Quote from CurryFishBalls :
so I chatted with Amex again, I was told by the rep that I absolutely do not need a to have the email to be qualified the offer.
And I contacted better rep, and send her the chat history with Amex. She said I'm good to go, and she will make sure my application was tagged as Amex and received the credit.

So to answer your question, seems like on better.com side, they do keep some note on each application.
Was the better rep concierge or processing person? Was this via email
Jul 10, 2020
2,740 Posts
Joined Jun 2008
Jul 10, 2020
KaatuPaadi
Jul 10, 2020
2,740 Posts
Quote from Letsgogogo :
Was the better rep concierge or processing person? Was this via email
Yeah because u can't get hold of any of these guys.. Wonder how they close ... I had to harass them with calls and emails to get them to match loan depot. They matched the rate but didn't get any lender credits. At this stage I'm giving up and moving hoping amex credit will come
Jul 10, 2020
499 Posts
Joined Aug 2006
Jul 10, 2020
vfx
Jul 10, 2020
499 Posts
Quote from KaatuPaadi :
Yeah because u can't get hold of any of these guys.. Wonder how they close ... I had to harass them with calls and emails to get them to match loan depot. They matched the rate but didn't get any lender credits. At this stage I'm giving up and moving hoping amex credit will come
Just forget 2500 credit. You still come out ahead. If you want to wait for rate to drop further, then wait. Just don't regret. Or maybe you already got a good rate, then it's all good. Better is getting smarter. They probably already made enough money off this promo. Not trying hard to get any more customerSmilie.
They changed the term. Now they don't even try Smilie. I'm gonna email the guy to see if I can get $100 bucks Smilie.

https://better.com/faq/better-gua...-guarantee
Last edited by vfx July 9, 2020 at 10:36 PM.
Jul 10, 2020
109 Posts
Joined Oct 2010
Jul 10, 2020
crazychomp
Jul 10, 2020
109 Posts
Quote from brat7705 :
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.....
I currently have ~$2,500 in points with a 2.25% for 15 years. Who did you match with if you don't mind? I would like to give it a shot before closing.

Thank you!
Jul 10, 2020
1,412 Posts
Joined Jan 2020
Jul 10, 2020
SiennaDeer8270
Jul 10, 2020
1,412 Posts
Quote from brat7705 :
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.....
Assuming you get the 2500 again. If you just waited until now to do it once then you'd be guaranteed the 2500. Now you may have just spent an extra 425. Hope you saved at least that much refinancing the first time. Otherwise you might lose money on the deal.
Jul 10, 2020
27 Posts
Joined Dec 2015
Jul 10, 2020
qri
Jul 10, 2020
27 Posts
Quote from gk6740 :
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?
For a refi there is a federally mandated three business day right of rescission in case you change your mind.

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Pro
Jul 10, 2020
5,050 Posts
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Jul 10, 2020
shahhere
Pro
Jul 10, 2020
5,050 Posts
Quote from qri :
For a refi there is a federally mandated three business day right of rescission in case you change your mind.
Doesn't apply to rentals and investment btw.

Shahhere
Pro
Jul 10, 2020
5,050 Posts
Joined Jul 2006
Jul 10, 2020
shahhere
Pro
Jul 10, 2020
5,050 Posts
Quote from Letsgogogo :
What was your rate/apr credit with better? Did you confirm that you qualify for amex credit as well?

Before the match? it was 3.375% with money out of pocket.
After somewhat Match its 2.75% with -$400ish credit.

All the emails mention the Amex deal and even the automated emails have Amex referenced in them so I hope that i don't run into any issues....


Also, I did get emails directly from Amex about this and even Rocket Mortgage that I accidentally deleted but looks like no one even talks about them and I forgot to apply to them as well Frown.


Shahhere
Last edited by shahhere July 10, 2020 at 06:26 AM.
Jul 10, 2020
126 Posts
Joined Jun 2020
Jul 10, 2020
Letsgogogo
Jul 10, 2020
126 Posts
Quote from shahhere :
Before the match? it was 3.375% with money out of pocket.
After somewhat Match its 2.75% with -$400ish credit.

All the emails mention the Amex deal and even the automated emails have Amex referenced in them so I hope that i don't run into any issues....


Also, I did get emails directly from Amex about this and even Rocket Mortgage that I accidentally deleted but looks like no one even talks about them and I forgot to apply to them as well .


Shahhere
With 400 closing, how much is the closing cost for you(excluding the prepaid)?
Jul 10, 2020
639 Posts
Joined Jan 2009
Jul 10, 2020
brat7705
Jul 10, 2020
639 Posts
Quote from crazychomp :
I currently have ~$2,500 in points with a 2.25% for 15 years. Who did you match with if you don't mind? I would like to give it a shot before closing.

Thank you!
From a lender on Bankrate.com with 1490$ (with $800 credit) in origination ($1490 was removed better with an additional 1025$ in lender credit). Matched title from $850 to 400$...

Quote from SiennaDeer8270 :
Assuming you get the 2500 again. If you just waited until now to do it once then you'd be guaranteed the 2500. Now you may have just spent an extra 425. Hope you saved at least that much refinancing the first time. Otherwise you might lose money on the deal.
I went from 3.5 to 3% in Jan, now to 2.25%. Different email account and different amex card, I initiated application with home address, loan amount and home values, left it there for days. I used to get reminders everyday, but the rates were not attractive enough. On 29th I got an email with the amex 2,500$ and by chance bankrate has 2.25%. I completed the better.com application as soon as I got the locked LE from competitor. I locked better right away and let the competitor know, they agreed better.com was better offer.
I had amex # task show-up 3 days ago. I have an email from them and the concierge spoke of matching the rate and amex credit on the phone. Even if I don't get the $2500 credit. This refi is fantastic savings for me.

Probably will start an application on 25th July for a 3rdlook aroundWinkBig Grin
Jul 10, 2020
2,740 Posts
Joined Jun 2008
Jul 10, 2020
KaatuPaadi
Jul 10, 2020
2,740 Posts
Quote from Letsgogogo :
With 400 closing, how much is the closing cost for you(excluding the prepaid)?
Guys, are u saying ur A+B=C is -400???

getting credit for doing a finance??
Jul 10, 2020
2,467 Posts
Joined Jun 2011
Jul 10, 2020
savemybucks
Jul 10, 2020
2,467 Posts
Quote from brat7705 :
I initiated application with home address, loan amount and home values
you initiated with better/amex link or just plain better link?
Jul 10, 2020
41,433 Posts
Joined Apr 2006
Jul 10, 2020
SDRebel
Jul 10, 2020
41,433 Posts
how long do you guys wait between round #1 and #2? I know we are running out of time
edit:
I can either do my rental or go again for my primary

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Pro
Jul 10, 2020
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Jul 10, 2020
shahhere
Pro
Jul 10, 2020
5,050 Posts
Quote from KaatuPaadi :
Guys, are u saying ur A+B=C is -400???

getting credit for doing a finance??

Thats not what I said so here is the clarification:


A+B = Small Fees are there

C = Title Fees that will be what they will be around $1600
I-J = All prepaid (taxes and escrows).


Better is giving me a flag -$400 towards closing so I'll have costs from above but with the credit and the $2500 I should be netting almost a zero cost refi this time around for 2.75% 30 year with $230 balance in PA.



Shahhere

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