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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.
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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 23, 2020 01:24 PM
233 Posts
Joined Nov 2008
jpell123Jul 23, 2020 01:24 PM
233 Posts
Quote from chen5317 :
How does Amex know which credit account to send the $2500 credit to after closing? I applied through the link and better.com confirmed my application has the Amex offer attached, but in no process had I provided my Amex account to any system. So how is Amex gonna send me the credit?
One of the "Tasks" that Better will have listed for you on your portal will be to enter the last 5 digits of your Amex card that you want the rebate applied to
Jul 23, 2020 01:33 PM
1,168 Posts
Joined Jan 2006
4dealsJul 23, 2020 01:33 PM
1,168 Posts
Anyone closed loan with LD ?
How much time did they take to close?
Please share your experience
Jul 23, 2020 01:37 PM
11,086 Posts
Joined Aug 2007
damnyouJul 23, 2020 01:37 PM
11,086 Posts
Quote from CycloneFW :
I have been looking at posts. Most people are complaining that they don't get a LE with lender credits unless the lock, or complain about the portal asking for all that paperwork. It isn't a problem to lock with them, yet dozens of posts of people being aggravated by them are because they want a LE listing lender credits without locking. People are just making their own lives more difficult.

And I'm all too familiar with lenders who have a separate disclosures team, like WM does. Such lenders rarely give you a LE right away. It is typically 48-72 business hours so that the loan officer doesn't "waste" their time on the "compliance" paperwork vs. working the deal. If you want the loan officer to send you one immediately, then you will have to make it worth it to them - which means a full app as you are likely more committed. If you don't want to do that, it is NOT that you won't get an LE, but it will be done by the disclosures team and thus, not the same day.
I think yours was a fairy tale experience with WM. I did all they required. Filled out the application, they ran the credit but they then just disappeared. Their LE was much different from the one I got unofficially from email. The rates did not change from 3% to 4% overnight but looking at their official LE( it took lots of email to get after providing all the information) was way different in costs for me as compared to initial email sent by the LO.

Please keep in mind that I am not complaining about the $1499 fee. It was there on both the versions. Their other fees which bamboozled me
Jul 23, 2020 01:40 PM
80 Posts
Joined Aug 2006
MysteryManMuJul 23, 2020 01:40 PM
80 Posts
Anyone have any luck getting a refinance from anywhere while party to a lawsuit?
Jul 23, 2020 02:03 PM
276 Posts
Joined Nov 2010
stoneheathJul 23, 2020 02:03 PM
276 Posts
Any good recommendation for a title company in FL?
Jul 23, 2020 02:12 PM
2,134 Posts
Joined Jul 2008
flyersruleJul 23, 2020 02:12 PM
2,134 Posts
Just closed yesterday with a 30yr. (Only about 11 months into my existing 30)

Moved from 3.5 to 3%. Not earth shattering but got $2k in closing credit which was enough to cover closing costs such as title, recording, etc which came to about $2k so net $0 there.

I had to bring about 10K to closing because I don't currently escrow and the new refi would require an escrow but at the end of the day it's not a big deal considering I got to pay Uncle Sam some way at some point of the year in a lump sum when I didn't escrow.

The icing on the cake is the $2,500 I'll get from Amex and shaved off about $100 a month of my monthly payment (not including escrow)
Jul 23, 2020 02:20 PM
11,086 Posts
Joined Aug 2007
damnyouJul 23, 2020 02:20 PM
11,086 Posts
Quote from flyersrule :
Just closed yesterday with a 30yr. (Only about 11 months into my existing 30)

Moved from 3.5 to 3%. Not earth shattering but got $2k in closing credit which was enough to cover closing costs such as title, recording, etc which came to about $2k so net $0 there.

I had to bring about 10K to closing because I don't currently escrow and the new refi would require an escrow but at the end of the day it's not a big deal considering I got to pay Uncle Sam some way at some point of the year in a lump sum when I didn't escrow.

The icing on the cake is the $2,500 I'll get from Amex and shaved off about $100 a month of my monthly payment (not including escrow)
Good job. I have escrow and will have to bring in 10k in escrow again as I do not want to increase the loan amount at the time of closing(previous escrow will be refunded after closing). But will be going from 3.625 to 2.75

every dollar saved is good in current economy

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Jul 23, 2020 02:27 PM
1,412 Posts
Joined Jan 2020
SiennaDeer8270Jul 23, 2020 02:27 PM
1,412 Posts
Quote from damnyou :
Good job. I have escrow and will have to bring in 10k in escrow again as I do not want to increase the loan amount at the time of closing(previous escrow will be refunded after closing). But will be going from 3.625 to 2.75

every dollar saved is good in current economy
Wow so many people dont even bat an eyelash at prepaying 10k. Yet you celebrate saving a dollar. Do you know how much you can earn in tsla with that 10k? I'd fight and scratch and claw the lenders eyes out not to prepay large sums of investable money.
2
Jul 23, 2020 02:34 PM
11,086 Posts
Joined Aug 2007
damnyouJul 23, 2020 02:34 PM
11,086 Posts
Quote from SiennaDeer8270 :
Wow so many people dont even bat an eyelash at prepaying 10k. Yet you celebrate saving a dollar. Do you know how much you can earn in tsla with that 10k? I'd fight and scratch and claw the lenders eyes out not to prepay large sums of investable money.
I understand but if you have read my post carefully, I would get back the previous escrow back so I wont be out of money.

Regarding Tesla lets not derail the thread. I may not be the best one out there in investing, but I have done substantially well with my stock/mutual portfolio. And I would end my discussion now regarding stocks. Hats off to you for turning 10k into 100k with TSLA. Good Luck. Play safe.
Jul 23, 2020 02:57 PM
10 Posts
Joined Jan 2012
npatel40Jul 23, 2020 02:57 PM
10 Posts
Wanted to share my details:

30yr $510,000 loan at 2.625% in Illinois.
A+B+C = $1324
$4414 in lender credits

Has anyone been able to do better or should I just take it?
Jul 23, 2020 03:01 PM
718 Posts
Joined Nov 2008
grayareaJul 23, 2020 03:01 PM
718 Posts
Quote from npatel40 :
Wanted to share my details:

30yr $510,000 loan at 2.625% in Illinois.
A+B+C = $1324
$4414 in lender credits

Has anyone been able to do better or should I just take it?
Uhhh... take it.
Jul 23, 2020 03:04 PM
95 Posts
Joined Jun 2014
vijay_slickJul 23, 2020 03:04 PM
95 Posts
Quote from npatel40 :
Wanted to share my details:

30yr $510,000 loan at 2.625% in Illinois.
A+B+C = $1324
$4414 in lender credits

Has anyone been able to do better or should I just take it?
Did you directly get this number or did better match from another LE?
Asking because I got an offer of 3.375% with +16k in points for 30 years with Better
Jul 23, 2020 03:07 PM
1,224 Posts
Joined Nov 2011
ZwitterionJul 23, 2020 03:07 PM
1,224 Posts
Quote from npatel40 :
Wanted to share my details:

30yr $510,000 loan at 2.625% in Illinois.
A+B+C = $1324
$4414 in lender credits

Has anyone been able to do better or should I just take it?
That's fantastic.
Jul 23, 2020 03:12 PM
1,224 Posts
Joined Nov 2011
ZwitterionJul 23, 2020 03:12 PM
1,224 Posts
Datapoint with Better - received this offer after using competing LE to match:

Loan amount: $450K
LTV: 67%
Rate Term: 30 Year conventional
Rate: 2.75%
Lender Credit: $5000

I'm closing with Better.

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Jul 23, 2020 03:14 PM
10 Posts
Joined Jan 2012
npatel40Jul 23, 2020 03:14 PM
10 Posts
Quote from vijay_slick :
Did you directly get this number or did better match from another LE?
Asking because I got an offer of 3.375% with +16k in points for 30 years with Better
Better matched from CIT Bank, which was cheapest in IL when I looked on zillow. Some headaches form them to get the LE, since they said they require a rate lock prior to LE. Their rate lock has a cost of $500 for appraisal. But I mentioned the 3 day rule to them and the reluctantly sent it over after some back and forth.

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