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Greenworld123 1.4M Views
Dec 8, 2019 2:27 PM

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

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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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9.8K Comments

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Jul 22, 2020 12:31 PM
607 Comments
Joined Jan 2006
marsgamerJul 22, 2020 12:31 PM
607 Comments
Quote from lowmazda View quoted comment :
The Amex credit task appeared for me the day I signed the CD and scheduled a closing date.
Yeah just for the task when I sent the message, all good.thanks
Jul 22, 2020 12:33 PM
182 Comments
Joined Mar 2013
BabyDoll123Jul 22, 2020 12:33 PM
182 Comments
Quote from Deals_bob View quoted comment :
We tried [email protected] for few days, still no luck.

Send email to Samantha, that's quicker than any.
Cold you please share Samantha's email? I applied with her last week and still nothing.
Jul 22, 2020 12:39 PM
159 Comments
Joined Nov 2006
Snarl16Jul 22, 2020 12:39 PM
159 Comments
I'm also having no luck getting a response from either watermark or LC. I submitted requests last week and have heard nothing. I keep seeing some great rates posted on here from them so keep hoping they'll eventually respond.
Jul 22, 2020 1:18 PM
138 Comments
Joined Sep 2009
rwerns21Jul 22, 2020 1:18 PM
138 Comments
Quote from KaatuPaadi View quoted comment :
3% is high, when most people are locking in for 2.625 or 2.75

You will be paying upto $80 per month and end up paying 30K at the end of the loan with 3% compared to 2.625. $50 more and 20K for 2.75
I forgot to mention that we are probably selling in the next 1-2 years. And my loan is a 30 year. In my opinion for a near no cost loan 3% is pretty solid.
Jul 22, 2020 1:19 PM
166 Comments
Joined Dec 2010
nagraw4Jul 22, 2020 1:19 PM
166 Comments
Quote from Snarl16 View quoted comment :
I'm also having no luck getting a response from either watermark or LC. I submitted requests last week and have heard nothing. I keep seeing some great rates posted on here from them so keep hoping they'll eventually respond.
Try calling Watermark on the number listed on their site. And try after 11am eastern.
Jul 22, 2020 1:38 PM
21 Comments
Joined Mar 2018
James1900Jul 22, 2020 1:38 PM
21 Comments
Anyone know if lenders are on the hook for title company expenses if someone cancels their loan after the title company has done all their leg work of researching? Or is that part of the gamble of working at a title company?

My current lender has me at closing disclosure but I may shop for a lower rate real quick.
Jul 22, 2020 1:44 PM
2.9K Comments
Joined Jun 2008
KaatuPaadiJul 22, 2020 1:44 PM
2.9K Comments
Quote from rwerns21 View quoted comment :
I forgot to mention that we are probably selling in the next 1-2 years. And my loan is a 30 year. In my opinion for a near no cost loan 3% is pretty solid.
makes sense if no upfront financing costs

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Jul 22, 2020 2:12 PM
1K Comments
Joined Mar 2019
CycloneFWJul 22, 2020 2:12 PM
1K Comments
Quote from James1900 View quoted comment :
Anyone know if lenders are on the hook for title company expenses if someone cancels their loan after the title company has done all their leg work of researching?
No, only appraisal, if paid, is lost (plus any app or credit report fees already paid)

Quote from James1900 View quoted comment :
Or is that part of the gamble of working at a title company?

My current lender has me at closing disclosure but I may shop for a lower rate real quick.
My understanding is that the title company will get paid. It is the lender that takes the hit. But I don't know officially.
Jul 22, 2020 2:13 PM
600 Comments
Joined Jan 2008
vulcanboltJul 22, 2020 2:13 PM
600 Comments
Quote from nagraw4 View quoted comment :
Are they charging origination or underwriting fee?
No Origination. Just title work, state recording fees, escrow if needed
Jul 22, 2020 2:37 PM
126 Comments
Joined Oct 2018
David9569Jul 22, 2020 2:37 PM
126 Comments
Quote from BabyDoll123 View quoted comment :
Cold you please share Samantha's email? I applied with her last week and still nothing.
Samantha Schlarb <[email protected]
Jul 22, 2020 2:42 PM
126 Comments
Joined Oct 2018
David9569Jul 22, 2020 2:42 PM
126 Comments
-----
Last edited by David9569 July 22, 2020 at 07:43 AM.
Jul 22, 2020 2:46 PM
182 Comments
Joined Mar 2013
BabyDoll123Jul 22, 2020 2:46 PM
182 Comments
Quote from David9569 View quoted comment :
Samantha Schlarb <[email protected]
Thank you!
Jul 22, 2020 3:04 PM
166 Comments
Joined Jan 2013
bclintonbjJul 22, 2020 3:04 PM
166 Comments
I got an estimate that is a lower rate than Better and not charging the insane points Better is ($5k for 2.75%)

2.55% for a 30 year refi , no points, ~4k in closing costs.

I'm currently at 3.75% with ~75% LTV - this is a no brainer right? If Better could match this I would be amazed.
Jul 22, 2020 3:19 PM
1.2K Comments
Joined Dec 2007
tran1981Jul 22, 2020 3:19 PM
1.2K Comments
Quote from bclintonbj View quoted comment :
I got an estimate that is a lower rate than Better and not charging the insane points Better is ($5k for 2.75%)

2.55% for a 30 year refi , no points, ~4k in closing costs.

I'm currently at 3.75% with ~75% LTV - this is a no brainer right? If Better could match this I would be amazed.
What lender is that? What are their A+B+C?
Last edited by tran1981 July 22, 2020 at 08:25 AM.

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Jul 22, 2020 3:39 PM
1.6K Comments
Joined Aug 2012
HarryS4062Jul 22, 2020 3:39 PM
1.6K Comments
Quote from srigurus View quoted comment :
Don't waste your time.. better is refusing to match anything under 2.5% .WM offered me same rate as yours and lender credit 3k tried with better but they refused to match. I'm moving forward with WM.
Lets not generalize. While Better has rejected a few people in recent times, they have also matched few others and multiple times too. So its a YMMV situation at this point. I would suggest you try again with Better.com with a locked LE or a LE from another lender. It also depends on the day you ask for the rate match and how the market is moving at that point. Also what I have now found is yet another variable which we have no direct control of - the rate lock period. Usually 30 or 45 or 60 days. In the rare case when you ask Better to match and have completed all tasks at the time or the rate match request and you are eligible for appraisal waiver, then they may see your full profile and give you a good rate if they think they can process the lock in a shorter time say 15 days. This would depend not just on your ability to close quickly but also on their ability to process the loan in the short time. BTW it also does not hurt to ask for the 1K rate match even though they have now updated to $100 only.
Edit: One more factor in the rate match: While all along people here have believed that better.com would waive escrows for nothing and that is likely the mainstream policy, there is a possibility to get an even better rate at better.com by several 100 in lender credit if you do escrows...highly ymmv but you have nothing to lose... I was offered a good rate only if I did the escrow and I took it. The rate was several $100 in lender credits better than without escrows.
Last edited by HarryS4062 July 22, 2020 at 08:50 AM.

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