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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 24, 2020 07:57 PM
1,003 Posts
Joined Nov 2013
sowhatwegetdrunkJul 24, 2020 07:57 PM
1,003 Posts
Quote from wowpaw :
Just got Better to match my Loan Cabin LE. It may not be the best deal in this thread but I'm happy with it.

2.5% on a 30year. No points. A+B+C=$1100. $500 in lender credit. $2500 in AMEX promo.
Not bad at all. I would take 2.75% and say $4000 in lender credits (obviously depends on your loan amount). But say rates bottomed and starts going up from now on and you dont sell the house for 7 years, its all gravy to have picked 2.5% instead of 2.75%
Jul 24, 2020 07:58 PM
41,567 Posts
Joined Apr 2006
SDRebelJul 24, 2020 07:58 PM
41,567 Posts
Quote from wowpaw :
Just got Better to match my Loan Cabin LE. It may not be the best deal in this thread but I'm happy with it.

2.5% on a 30year. No points. A+B+C=$1100. $500 in lender credit. $2500 in AMEX promo.
not sure if it's the best, but it's damn good
Jul 24, 2020 08:03 PM
231 Posts
Joined Feb 2007
pakman134Jul 24, 2020 08:03 PM
231 Posts
Quote from Zwitterion :
I'm closing Monday. I wonder if a "Start a New Loan" on their website, I'll preserve the opportunity to do another refinance with an Amex credit?
In a similar situation, hoping to have opportunity for another refinance.. I closed yesterday and waiting for my loan to fund.

I tried to start another loan application on their website but the first step is to put in my property address, then it says "You already have a loan application for this address" and does not let me start a new application.

Would appreciate any tips if anyone knows how to work around this to get another application started while in closing stages of current refinancing.

*UPDATE* - Looks like if you are signed out of your better account it lets you start another app... Not sure if it will qualify but perhaps it's worth a try?
Last edited by pakman134 July 24, 2020 at 01:10 PM.
Jul 24, 2020 08:08 PM
853 Posts
Joined Aug 2004
dealkkJul 24, 2020 08:08 PM
853 Posts
Quote from wowpaw :
Just got Better to match my Loan Cabin LE. It may not be the best deal in this thread but I'm happy with it.

2.5% on a 30year. No points. A+B+C=$1100. $500 in lender credit. $2500 in AMEX promo.
how long does loan cabin get back to you with le after apply online? do you have to call or email better to match?
Jul 24, 2020 08:08 PM
853 Posts
Joined Aug 2004
dealkkJul 24, 2020 08:08 PM
853 Posts
Quote from pakman134 :
Thanks OP and the rest of the community on helping me score this deal. Perhaps not as slick as some recent posts, but here is another data point on a successful refinancing -

~200k loan, 78% LTV, 780+ credit
30 year fixed @ 2.875%
A ($0) + B ($64) + C ($1162) = $1226
Lender Credit - $1788
Expected AMEX Credit - $2500

Net result ~$3000 cash in pocket and going from 3.5% (just closed Dec 2019) to 2.875% which should save me thousands over the life of the loan.

Timeline -
July 1 - Applied w/ Better (rates were not competitive); same day sent in competing LE from Loan Cabin - 2.875% 30 years A($0) + B($510) + C ($1255) = $1765, no lender credits
July 2 - Better beat LC but took into consideration AMEX credits - 2.875% 30 years - A ($868) + B ($64) + C (1161) = $2093; Decided to lock and move forward since it was still ~$400 cash in pocket after AMEX 2500 credit
July 3 - Title Ordered
July 8 - Loan Conditionally Approved
July 11 - Title Received/Cleared
July 14 - Requested and received another LE from Load Depot (2.75% @ 30 years, zero lender fees/credits)
July 16 - Better offered 2.875% 0 points w/ 1788 lender credit (see above for complete ABC); Said they coudl do 2.75% but would need to pay points/lower credit; Accepted and Refinance got final approved
July 17 - AMEX task to put in last 5 digits card info
July 20 - Initial closing disclosures and scheduled closing date
July 22- Received final closing disclosures
July 23 - Closed / signed with mobile notary, waiting on loan to fund
july 17 - who does that part?
Jul 24, 2020 08:08 PM
41,567 Posts
Joined Apr 2006
SDRebelJul 24, 2020 08:08 PM
41,567 Posts
Quote from Zwitterion :
Confirmed you only need to have an application in by midnight tomorrow, not a lock, to retain promotion.
Quote from wowpaw :
My concierge just told me the exact same thing. Just got off the phone with her

thanks guys, a couple of friends were told they had to lock today, but I think they were just being pushy sales people
Jul 24, 2020 08:09 PM
41,567 Posts
Joined Apr 2006
SDRebelJul 24, 2020 08:09 PM
41,567 Posts
Quote from dealkk :
july 17 - who does that part?
you do, online. one of the last tasks, right before closing (maybe day before closing for me? )

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Jul 24, 2020 08:09 PM
41,567 Posts
Joined Apr 2006
SDRebelJul 24, 2020 08:09 PM
41,567 Posts
Quote from pakman134 :
In a similar situation, hoping to have opportunity for another refinance.. I closed yesterday and waiting for my loan to fund.

I tried to start another loan application on their website but the first step is to put in my property address, then it says "You already have a loan application for this address" and does not let me start a new application.

Would appreciate any tips if anyone knows how to work around this to get another application started while in closing stages of current refinancing.
you need to use a different email address. I even used a different phone number just in case Big Grin
edit:
maybe switch browser or use incognito/private to make sure it doesn't get confused with the other account
Jul 24, 2020 08:11 PM
231 Posts
Joined Feb 2007
pakman134Jul 24, 2020 08:11 PM
231 Posts
Quote from dealkk :
july 17 - who does that part?
It's a task that will show up on your dashboard. You input the last 5 digits of your AMEX and confirm the name attached to your AMEX card.
Jul 24, 2020 08:15 PM
1,020 Posts
Joined Apr 2006
wowpawJul 24, 2020 08:15 PM
1,020 Posts
Quote from dealkk :
how long does loan cabin get back to you with le after apply online? do you have to call or email better to match?
The funny thing is my loan officer there has been on top of all communications and has responds to me as soon as I email/text/call him. His responses are almost immediate from the very first time I reached out to them. I put in an email in to the "[email protected]" address and he called me right away. Was told Samantha was out of town at the time so he was handling the internet side of things for her. Not sure if this is true or not but he told me Saturday's are slower so they have a little more time on their hands to talk/respond to customers and/or process paperwork such as loan estimates
Jul 24, 2020 08:26 PM
227 Posts
Joined Apr 2006
jazzman161Jul 24, 2020 08:26 PM
227 Posts
Anybody from Florida refinancing a 2nd or 3rs time? I did once with Better in Feb but now trying to do it again. Better matched my LE from a local bank (2.75% with AB @ $1400) but add in C and E, no credits J, and the AMEX credit and I'm still looking at 24 months payback. Is it just me or is it hard to refinance again when title and taxes is about $5-6k each time?
Jul 24, 2020 08:29 PM
1,549 Posts
Joined Aug 2012
HarryS4062Jul 24, 2020 08:29 PM
1,549 Posts
Quote from pakman134 :
In a similar situation, hoping to have opportunity for another refinance.. I closed yesterday and waiting for my loan to fund.

I tried to start another loan application on their website but the first step is to put in my property address, then it says "You already have a loan application for this address" and does not let me start a new application.

Would appreciate any tips if anyone knows how to work around this to get another application started while in closing stages of current refinancing.

*UPDATE* - Looks like if you are signed out of your better account it lets you start another app... Not sure if it will qualify but perhaps it's worth a try?
Quote from SDRebel :
you need to use a different email address. I even used a different phone number just in case Big Grin
edit:
maybe switch browser or use incognito/private to make sure it doesn't get confused with the other account
You just have to call the main number for better.com and tell them you want to start another refi app for the same property and they will enable whatever is required. Note that they may also drop the Amex tag in the process but it can be added on by letting your LO know or let them know you are Amex customer when you call in to enable.
Jul 24, 2020 08:31 PM
418 Posts
Joined Dec 2005
MethodmanJul 24, 2020 08:31 PM
418 Posts
Quote from wowpaw :
Just got Better to match my Loan Cabin LE. It may not be the best deal in this thread but I'm happy with it.

2.5% on a 30year. No points. A+B+C=$1100. $500 in lender credit. $2500 in AMEX promo.
Was this on a conforming or jumbo loan? Mine is a jumbo >$510K in CA and I got 2.625% 30 year with no costs with Loan Cabin
Jul 24, 2020 08:32 PM
1,018 Posts
Joined Mar 2019
CycloneFWJul 24, 2020 08:32 PM
1,018 Posts
Quote from pakman134 :
In a similar situation, hoping to have opportunity for another refinance.. I closed yesterday and waiting for my loan to fund.

I tried to start another loan application on their website but the first step is to put in my property address, then it says "You already have a loan application for this address" and does not let me start a new application.

Would appreciate any tips if anyone knows how to work around this to get another application started while in closing stages of current refinancing.

*UPDATE* - Looks like if you are signed out of your better account it lets you start another app... Not sure if it will qualify but perhaps it's worth a try?
Alternatively, use a different email address for the new app.

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Jul 24, 2020 08:33 PM
853 Posts
Joined Aug 2004
dealkkJul 24, 2020 08:33 PM
853 Posts
Quote from pakman134 :
It's a task that will show up on your dashboard. You input the last 5 digits of your AMEX and confirm the name attached to your AMEX card.
do you have to tell them about the amex as part of match? or it automatic aware.

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