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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 22, 2020 03:56 PM
25 Posts
Joined Nov 2015
yoyospyJul 22, 2020 03:56 PM
25 Posts
I got a call from WM, they threatened to cancel if i didn't go forward. Apparently, the guy was pretty paranoid because everyone is using him to get LEs and then use it to compete.

I signed the initial disclosure agreements.

my question is, can i still back out?
Jul 22, 2020 04:08 PM
355 Posts
Joined Aug 2013
Alex8919Jul 22, 2020 04:08 PM
355 Posts
I got email from my consultant from better.com, he said I will lose American Express credit $2500 if I donot lock rate this Friday . Is it true? Can any other confirm this information?
Jul 22, 2020 04:10 PM
522 Posts
Joined Oct 2007
euuser257843Jul 22, 2020 04:10 PM
522 Posts
Quote from HarryS4062 :
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.
Well said... You just have to follow the steps and be patient and nice to your concierge.
I personally feel Better is at par or better than the best lenders out there. Their online tools are excellent and their responses are great so far.
Jul 22, 2020 04:13 PM
908 Posts
Joined Nov 2017
gk6740Jul 22, 2020 04:13 PM
908 Posts
Quote from Alex8919 :
I got email from my consultant from better.com, he said I will lose American Express credit $2500 if I donot lock rate this Friday . Is it true? Can any other confirm this information?
I guess there is a reason you would not lock it?
Jul 22, 2020 04:20 PM
180 Posts
Joined Jun 2017
RohanM3727Jul 22, 2020 04:20 PM
180 Posts
To ppl who refinanced and already closed - was there a difference between the mortgage amount and the paid off amount? How do we get back that amount? I see a difference of around 2K.
Jul 22, 2020 04:20 PM
355 Posts
Joined Aug 2013
Alex8919Jul 22, 2020 04:20 PM
355 Posts
Quote from gk6740 :
I guess there is a reason you would not lock it?
I cannot get good rate, and MK donot give LE with lender credit except I locked with them . Can I lock the rate with WM and go for better.com to match the rate ?
Jul 22, 2020 04:35 PM
361 Posts
Joined Jun 2004
ash_punJul 22, 2020 04:35 PM
361 Posts
Quote from Alex8919 :
I got email from my consultant from better.com, he said I will lose American Express credit $2500 if I donot lock rate this Friday . Is it true? Can any other confirm this information?
I applied yesterday and was told that I had a month to lock my rate after I submitted the application, and that as long I lock before the month is over, I would get the credits. The credits are based on the date you applied for the loan, not when you locked it.

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Jul 22, 2020 04:48 PM
2,594 Posts
Joined Feb 2008
LeaninBack916Jul 22, 2020 04:48 PM
2,594 Posts
Good advice on the "in progress" LE price match. They just approved matching an updated LE. Now I went from zero points 15 yr/2.375% to lender credit of $1591. The actual lender credit difference was $1893 but they did the difference between A+B+C.

CA, 229k, 58% LTV, 769 Fico
Jul 22, 2020 04:49 PM
5,265 Posts
Joined Jul 2006
shahhereJul 22, 2020 04:49 PM
5,265 Posts
Quote from yoyospy :
I got a call from WM, they threatened to cancel if i didn't go forward. Apparently, the guy was pretty paranoid because everyone is using him to get LEs and then use it to compete.

I signed the initial disclosure agreements.

my question is, can i still back out?

Please post your Loan Officer's name so it helps everyone dealing with him and them. Wonder if its Casey?



If you haven't signed anything to pay them then you dont owe them anything legally. They themselves beat other lenders so what do they hope that you wont shop them once they give you a rate? How Unrealistic is this?


The way I see is that many will shop and many will not get a beating offer and so many will close and that's the nature of this, no point for lenders to make some illegal stipulation as it will only hurt their future reputation.



Shahhere
Jul 22, 2020 04:50 PM
1,961 Posts
Joined Nov 2007
RhizzlebopJul 22, 2020 04:50 PM
1,961 Posts
I closed with better May 2nd and got my credit 3 weeks ago.

Can someone PLEASE tell me if I can apply again through better on the same house and same credit card and get the better Amex 2500 credit again?
Jul 22, 2020 04:57 PM
205 Posts
Joined Aug 2013
SomeXYZJul 22, 2020 04:57 PM
205 Posts
Quote from Rhizzlebop :
I closed with better May 2nd and got my credit 3 weeks ago.

Can someone PLEASE tell me if I can apply again through better on the same house and same credit card and get the better Amex 2500 credit again?
Yes. Hurry up. we have 3 days to use Amex promotion. I did it the same way
Jul 22, 2020 05:06 PM
1,961 Posts
Joined Nov 2007
RhizzlebopJul 22, 2020 05:06 PM
1,961 Posts
Quote from SomeXYZ :
Yes. Hurry up. we have 3 days to use Amex promotion. I did it the same way
Yes. I know I have 3 days to reapply.
Each time I've searched 5his question I get people saying use a diff card or on another house or wait 6 months but nothing seems definitive.

I can launch another application with better if I might get 5he Amex promo again ASAP
Jul 22, 2020 05:21 PM
205 Posts
Joined Aug 2013
SomeXYZJul 22, 2020 05:21 PM
205 Posts
Quote from Rhizzlebop :
Yes. I know I have 3 days to reapply.
Each time I've searched 5his question I get people saying use a diff card or on another house or wait 6 months but nothing seems definitive.

I can launch another application with better if I might get 5he Amex promo again ASAP
My 2nd refinance application is approved already and I got amex card task today.
Jul 22, 2020 05:27 PM
11 Posts
Joined Jul 2017
bob.vinayJul 22, 2020 05:27 PM
11 Posts
Quote from SomeXYZ :
My 2nd refinance application is approved already and I got amex card task today.
My closing is this Friday, I still didn't get an amex task.. do we get it 2-3 days before closing ?

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Jul 22, 2020 05:27 PM
166 Posts
Joined Dec 2010
nagraw4Jul 22, 2020 05:27 PM
166 Posts
How long does Better take to update the title company with Radian?

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