Slickdeals is community-supported.  We may get paid by brands for deals, including promoted items.
Heads up, this deal has expired. Want to create a deal alert for this item?
expiredGreenworld123 posted Dec 08, 2019 02:27 PM
  1. Deal Image
Item 1 of 1
expiredGreenworld123 posted Dec 08, 2019 02:27 PM

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

American Express Giftcards
9,848 Comments 1,353,529 Views
Visit Retailer
Good Deal
Save
Share
Deal Details
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.

Community Voting

Deal Score
+226
Good Deal
Visit Retailer

Leave a Comment

Unregistered (You)

9,848 Comments

Sign up for a Slickdeals account to remove this ad.

Jul 19, 2020 04:00 AM
430 Posts
Joined Mar 2005
pamifJul 19, 2020 04:00 AM
430 Posts
As the rate is still dropping, the best strategy is to max lender credits instead of lowering the rate. Pocket more profit for the time being, and give enough room for the next refinance, which you will need soon anyway.
Jul 19, 2020 04:03 AM
430 Posts
Joined Mar 2005
pamifJul 19, 2020 04:03 AM
430 Posts
At such a low rate, borrow as much as you can, and invest the extra into a fund such as qqq that has an average return of 20% for the past 10 years.

https://finance.yahoo.com/quote/Q...ance?p=QQQ
1
Jul 19, 2020 04:33 AM
32 Posts
Joined Aug 2009
apple1122Jul 19, 2020 04:33 AM
32 Posts
Hi,

Better is asking to prepaid 2 months + additional 6 months property tax at closing. Anyone know what is the reason that they ask for 8 months of property tax? Can I ask them to reduce the number of months?

Once the loan is closed, can I ask the mortgage company to remove the escrow account for property tax right away (as I plan to pay property tax on my own)? Or do I need to wait for a few months before asking them to remove escrow account?

Thanks.
Jul 19, 2020 04:48 AM
34 Posts
Joined Nov 2017
ssmith891Jul 19, 2020 04:48 AM
34 Posts
Quote from apple1122 :
Hi,

Better is asking to prepaid 2 months + additional 6 months property tax at closing. Anyone know what is the reason that they ask for 8 months of property tax? Can I ask them to reduce the number of months?

Once the loan is closed, can I ask the mortgage company to remove the escrow account for property tax right away (as I plan to pay property tax on my own)? Or do I need to wait for a few months before asking them to remove escrow account?

Thanks.
Why not just opt out of an escrow altogether?
Jul 19, 2020 05:07 AM
1,015 Posts
Joined Mar 2019
CycloneFWJul 19, 2020 05:07 AM
1,015 Posts
Quote from apple1122 :
Better is asking to prepaid 2 months + additional 6 months property tax at closing. Anyone know what is the reason that they ask for 8 months of property tax? Can I ask them to reduce the number of months?
Are all 8 months in Section G of the Loan Estimate? Or are 6 months in Section F and 2 months in Section G?
Jul 19, 2020 12:21 PM
166 Posts
Joined Dec 2010
nagraw4Jul 19, 2020 12:21 PM
166 Posts
Quote from pamif :
As the rate is still dropping, the best strategy is to max lender credits instead of lowering the rate. Pocket more profit for the time being, and give enough room for the next refinance, which you will need soon anyway.
I agree. In 6 months we are going to be refi-ing 30yrs at 2%.
Jul 19, 2020 01:17 PM
391 Posts
Joined Apr 2016
physio1213Jul 19, 2020 01:17 PM
391 Posts
Quote from stoneheath :
My current rate is 2.75% on a 15 year with a local credit union in FL. Is it possible to get a rate lower than 2.75% with $0 out of pocket after Amex $2500 credit or with some money in pocket after Amex $2500 credit?
I got 2.25 with zero points and $177 lenders credit for 15 yrs. I got quote from loan cabin and better beat it.

Sign up for a Slickdeals account to remove this ad.

Jul 19, 2020 01:33 PM
1,020 Posts
Joined Jan 2008
lowmazdaJul 19, 2020 01:33 PM
1,020 Posts
Quote from apple1122 :
Hi,

Better is asking to prepaid 2 months + additional 6 months property tax at closing. Anyone know what is the reason that they ask for 8 months of property tax? Can I ask them to reduce the number of months?

Once the loan is closed, can I ask the mortgage company to remove the escrow account for property tax right away (as I plan to pay property tax on my own)? Or do I need to wait for a few months before asking them to remove escrow account?

Thanks.
Quote from ssmith891 :
Why not just opt out of an escrow altogether?
I just put 11 months of property tax and hazard insurance in to an escrow acct. It all depends on when it's paid out. Both of my bills are due in November.
Last edited by lowmazda July 19, 2020 at 07:35 AM.
Jul 19, 2020 01:34 PM
1,020 Posts
Joined Jan 2008
lowmazdaJul 19, 2020 01:34 PM
1,020 Posts
Quote from ssmith891 :
Why not just opt out of an escrow altogether?
the trade off is often a slightly higher interest rate.
Jul 19, 2020 03:01 PM
232 Posts
Joined Nov 2008
jpell123Jul 19, 2020 03:01 PM
232 Posts
Quote from lowmazda :
the trade off is often a slightly higher interest rate.
Or, paying slightly higher closing costs. LenderFi told me that my closing costs would be about $200-$300 more if I waived escrow
Jul 19, 2020 03:02 PM
4,661 Posts
Joined Mar 2006
PhasersJul 19, 2020 03:02 PM
4,661 Posts
Quote from stoneheath :
My current rate is 2.75% on a 15 year with a local credit union in FL. Is it possible to get a rate lower than 2.75% with $0 out of pocket after Amex $2500 credit or with some money in pocket after Amex $2500 credit?
I got 2.375% with a $2500 credit + Amex $2500, against ~$2k in closing costs. Loan amount $350k, LTV 58%.
Jul 19, 2020 03:12 PM
24 Posts
Joined Mar 2014
tearfromredJul 19, 2020 03:12 PM
24 Posts
Just for reference, My loan funded on 6/5 (whole process was 2-3 weeks). I received the $2500 credit on 7/9, so just a little longer than a month. Pleasantly surprised, I expected the credit to take longer
Jul 19, 2020 03:32 PM
207 Posts
Joined Dec 2007
stealth11Jul 19, 2020 03:32 PM
207 Posts
Quote from pamif :
At such a low rate, borrow as much as you can, and invest the extra into a fund such as qqq that has an average return of 20% for the past 10 years.

https://finance.yahoo.com/quote/Q...ance?p=QQQ
Take it one step further. Cash out refinance for 100,000 cash. Open an Interactive Brokers margin account (best rates) and buy QQQ on margin. What could go wrong? Smilie
Jul 19, 2020 03:42 PM
82 Posts
Joined Jan 2011
sellerslbcJul 19, 2020 03:42 PM
82 Posts
Quote from physio1213 :
I got 2.25 with zero points and $177 lenders credit for 15 yrs. I got quote from loan cabin and better beat it.
Was the quote from loan cabin 2.5? I would like to try to match your amazing rate. And want to know what I have to present to better to get them to match it. Well done.

Edit: saw your earlier post. Well done.

Sign up for a Slickdeals account to remove this ad.

Jul 19, 2020 03:42 PM
10 Posts
Joined Sep 2016
chuckydee9Jul 19, 2020 03:42 PM
10 Posts
Quote from stealth11 :
Take it one step further. Cash out refinance for 100,000 cash. Open an Interactive Brokers margin account (best rates) and buy QQQ on margin. What could go wrong? Smilie
Don't stop there.. TQQQ instead of just QQQ..

Leave a Comment

Unregistered (You)

Related Searches

FinanceCredit CardsAmerican Express Giftcards

Popular Deals

See All
Found by pennysave
Yesterday 10:32 AM
$140$19929% off$140*:DEWALT DCF513B ATOMIC 20V MAX* Cordless Ratchet, Brushless, 3/8 in., Tool Only
0
Found by pennysave
Today 04:47 AM
$42$6030% off$42*:Corsair RS120-R ARGB 120mm PWM Reverse Fans (Triple Pack, White) – Reverse Rotor, 8-LED ARGB, Daisy-Chain, Magnetic Bearing, Zero RPM
0
Found by wileysmiley
Today 07:11 AM
$42$10057% offGola Men's Viper Suede Sneaker (2 colors) - $41.99
0
Found by wileysmiley
Today 09:28 AM
$24$9073% offRe-stocked - UA Storm Forefront Men's Rain Jacket - $23.98 + free shipping
2
Found by phoinix
Yesterday 07:49 PM
$33$4932% off[Resale, AC] $32.73: Lodge 20 x 10.44 Inch Pro-Grid Reversible Cast Iron Grill/Griddle (Used - Like New) at Amazon
0

Trending Deals

See All
Found by pennysave
Today 05:29 AM
$16$3452% off$16.31*:adidas 1 Liter (32 oz) Metal Water Bottle, Hot/Cold Double-Walled Insulated 18/8 Stainless Steel, Twill Black/Black/Grey Five, 32 Ounces
1
Found by jacisme
Today 05:27 AM
$7.96$1338% offPuffs Ultra Soft Non-Lotion Facial Tissue, 8 Family Boxes, 124 Facial Tissues per Box $7.96
2
Found by phoinix
Today 07:04 AM
$35$7050% off$35: 48-Oz STANLEY Classic Stay-Hot French Press Coffee Maker at Amazon
1
Found by phoinix
Yesterday 07:57 PM
$12$3666% off[S&S, AC] $12.41: 3-Pack 5-Oz Astroglide Water Based Lube at Amazon ($4.14 each)
7
Found by Blank_Canvas
Today 04:03 AM
$15$3759% offAzzaro Chrome Cologne Gift Set for Men, 3 Pieces $15
4