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expiredGreenworld123 posted Dec 08, 2019 02:27 PM
expiredGreenworld123 posted Dec 08, 2019 02:27 PM

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.
Community Notes
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 14, 2020 11:43 PM
43 Posts
Joined Jan 2019
superwalletJul 14, 2020 11:43 PM
43 Posts
Quote from k1ngkev1n1 :
i think it depends better matched my 2.625 rate, i just decided to go with 2.75 when i saw the rate table for all the money back ill get.
I am still waiting for the best Loan Estimate from my applications.

If Better matched you at 2.625% rate, do they allow you to lock a different rate option available on their rate table (2.75%) based on the match?
Jul 14, 2020 11:45 PM
93 Posts
Joined Feb 2017
JasonC8362Jul 14, 2020 11:45 PM
93 Posts
Quote from Letsgogogo :
What happens if you have more lender credits than D + I?

Say for refinance with no escrow, total closing(including prepaid like interests) is $1,900, but your lender credit is $2,000. Do you lose out on $100?
you get it. Trust me you'll have to pay your escrow so it'll apply somewhere.
Jul 14, 2020 11:48 PM
43 Posts
Joined Jan 2019
superwalletJul 14, 2020 11:48 PM
43 Posts
Quote from gk6740 :
I never saw it in my "Amex" offers. But it appears I have it. Clicked via the link at page one of this thread.
Call Amex - they confirmed that I had the offer over phone.
Jul 14, 2020 11:48 PM
41,566 Posts
Joined Apr 2006
SDRebelJul 14, 2020 11:48 PM
41,566 Posts
Quote from SomeXYZ :
American Federal Mortgage gave me 2.625% with 1300 credit for 30Yrs
you had to input your info and then they call you? or you were able to do it online?
Jul 14, 2020 11:49 PM
43 Posts
Joined Jan 2019
superwalletJul 14, 2020 11:49 PM
43 Posts
Quote from k1ngkev1n1 :
i think it depends better matched my 2.625 rate, i just decided to go with 2.75 when i saw the rate table for all the money back ill get.
I am still trying to get the best Loan Estimate based on my applications.

If Better matched you at 2.625 rate, do they allow you to lock a different rate option available on their rate table (2.75) based on the match?
Jul 14, 2020 11:50 PM
41,566 Posts
Joined Apr 2006
SDRebelJul 14, 2020 11:50 PM
41,566 Posts
Quote from McPhrugal :
E-mail your closing expert and remind them to add it. Mine popped up 2 or 3 days prior to my closing.
same here, one of the very last few steps
Jul 14, 2020 11:52 PM
41,566 Posts
Joined Apr 2006
SDRebelJul 14, 2020 11:52 PM
41,566 Posts
Quote from savemybucks :
wait what?? we paid off our car loan two week before mortgage companies started pulling CR's. They saw active car loan when they pulled the report. Now, if they pull it again near closing, car loan probably won't be there and score would have dropped big time?? Do they raise stink about car loan pay off?
it depends on your credit profile. if you don't have a lot of history or types of loans, then it has a bigger impact.

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Jul 14, 2020 11:53 PM
41,566 Posts
Joined Apr 2006
SDRebelJul 14, 2020 11:53 PM
41,566 Posts
Quote from bobofoosh :
Has anyone backed out close to closing with better? We locked June 20th and are close to wrapping up. However we locked at 3.0 w/ $500 credit and now have LoanCabin offer for 2.5 w/ $2000 credit. Blows better out of the water even with Amex credit and saves $20k over life of the loan

If better won't match (and I know they don't have to) can I walk away at this point and go with LoanCabin?

you can try getting better to match it, that way you don't have to start over with loancabin
Jul 15, 2020 12:00 AM
126 Posts
Joined Jun 2020
LetsgogogoJul 15, 2020 12:00 AM
126 Posts
Quote from JasonC8362 :
you get it. Trust me you'll have to pay your escrow so it'll apply somewhere.
Escrow meaning escrow account? I waived it free of charge, so I don't have escrow.

Or do you mean like escrow for title and stuff?
Jul 15, 2020 12:01 AM
126 Posts
Joined Jun 2020
LetsgogogoJul 15, 2020 12:01 AM
126 Posts
Quote from SDRebel :
you can try getting better to match it, that way you don't have to start over with loancabin
Is 2.5% with $2000 15 year?
Jul 15, 2020 12:03 AM
18 Posts
Joined May 2010
whizbalaJul 15, 2020 12:03 AM
18 Posts
Quote from SDRebel :
you can try getting better to match it, that way you don't have to start over with loancabin
Quote from SDRebel :
you can try getting better to match it, that way you don't have to start over with loancabin
i had them match a rate a week before closing and they were able to match. They only beat by $1000 for the first match
Jul 15, 2020 12:09 AM
2,134 Posts
Joined Jul 2008
flyersruleJul 15, 2020 12:09 AM
2,134 Posts
Quote from gk6740 :
RE: Amex and Closing at home

Closing at Home: Yes, a notary came to our house and spent about 45 minutes having us sign a million forms. They got mailed to Better and we expect the real closing to happen by weeks end. Guy is contracted out by Better and is not a lawyer or loan person. Just there to get all the signatures.

AMEX - It was a task on the BETTER.COM website for us at least a week before the closing.

If they are about to set a closing date, then email or call to get that set up for you.
So I used my own title company that was a lot cheaper than Betters.

There is an option in the taskbar for a notary to come to my house.

Is this only available if I was using betters closer because mine mentioned they charge $250 to come out to the house.

Is this something that Amex covers?
Jul 15, 2020 12:16 AM
11,086 Posts
Joined Aug 2007
damnyouJul 15, 2020 12:16 AM
11,086 Posts
Quote from SDRebel :
you had to input your info and then they call you? or you were able to do it online?
I did today. Small phone call and rest all online. They use the same application system as Watermark. You have to fill an app and run the credit to get the actual LE
Jul 15, 2020 12:18 AM
707 Posts
Joined Dec 2013
duastoJul 15, 2020 12:18 AM
707 Posts
I just passed my 2 months since the funding of the loan. Still no $2500 from amex.

Anyone waiting more than 2 months?

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Jul 15, 2020 12:29 AM
1,018 Posts
Joined Mar 2019
CycloneFWJul 15, 2020 12:29 AM
1,018 Posts
Quote from superwallet :
I am still trying to get the best Loan Estimate based on my applications.

If Better matched you at 2.625 rate, do they allow you to lock a different rate option available on their rate table (2.75) based on the match?
Yes. You can even switch right up to closing.

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