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.
9,821 Comments
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Current LE:
ACEFG: $2200 + B $500 appraisal = $2700
Lender credit: $2700
I charged the appraisal on my CC the day I locked in and was told it would be refunded (AMEX deal). If my numbers are right, I should pocket $3000 net.
Do they remove the appraisal from LE at closing AND refund my CC? If so then it would be:
$2200 - 2700 credit = $500 refund check on top of $2500 bonus and $500 CC refund
Is this correct? My rate is the "lowest" on the rate sheet so I cannot apply the excess credit to buy down points. Thanks!
Current LE:
ACEFG: $2200 + B $500 appraisal = $2700
Lender credit: $2700
I charged the appraisal on my CC the day I locked in and was told it would be refunded (AMEX deal). If my numbers are right, I should pocket $3000 net.
Do they remove the appraisal from LE at closing AND refund my CC? If so then it would be:
$2200 - 2700 credit = $500 refund check on top of $2500 bonus and $500 CC refund
Is this correct? My rate is the "lowest" on the rate sheet so I cannot apply the excess credit to buy down points. Thanks!
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With today's update, if you locked your rate June 19th - June 24th, you now qualify for a 0.125% float because the index dropped 0.25%.
** If you applied after June 25th, you do NOT qualify for a float down yet. **
What is unknown is if you got a match after locking, will your original lock date apply or will the Thursday after the match apply?
Also unknown is if you lock on a Thursday. The way it was reported about 30-40 pages ago is the rate on the Thursday after you lock is what is used. But perhaps if you locked on Thursday, that rate is the one used.
Current LE:
ACEFG: $2200 + B $500 appraisal = $2700
Lender credit: $2700
I charged the appraisal on my CC the day I locked in and was told it would be refunded (AMEX deal). If my numbers are right, I should pocket $3000 net.
Do they remove the appraisal from LE at closing AND refund my CC? If so then it would be:
$2200 - 2700 credit = $500 refund check on top of $2500 bonus and $500 CC refund
Is this correct? My rate is the "lowest" on the rate sheet so I cannot apply the excess credit to buy down points. Thanks!
As noted I am being asked to bring a ton more to close and pay up almost $6,000 in taxes which are already sitting in an escrow with current lender. I can float but want to see if this can be pushed into a last minute negotiation with Better if anyone has any experience.
I've emailed the Better team about my "Inquiry" as such and have not asked them to cancel or pull anything but just to "explore my options" and noted "material changes in the closing disclosures".
RISK? Pointers from Experience?
Shahhere
As noted I am being asked to bring a ton more to close and pay up almost $6,000 in taxes which are already sitting in an escrow with current lender. I can float but want to see if this can be pushed into a last minute negotiation with Better if anyone has any experience.
I've emailed the Better team about my "Inquiry" as such and have not asked them to cancel or pull anything but just to "explore my options" and noted "material changes in the closing disclosures".
RISK? Pointers from Experience?
Shahhere
I'd say something along those lines. At this point you have to appeal to emotion. These guys get paid on number of loans closed, so it's in their best interest to push to get a little sumtin' sumtin' for you, you know?
I'd prefer a sept close so I have no payment due in sept or October.
Can I just say I'm out of town last of August and request a sept date?
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I'd prefer a sept close so I have no payment due in sept or October.
Can I just say I'm out of town last of August and request a sept date?
You have 30 days from application date to lock. Once you "Lock" you then have 30 or 60 days additional (not sure which one) but once I locked my Better.com portal showed a Lock Expiration Date on the right for me it was July 7th to August 7th.
You'd need to close before that date and closing is several steps deep btw, you have to have clear to close from Title Company, then it will go into Final Underwriting with Better then it will go to a closing expert who will then provide you with closing disclosures and then 3 days after CD has been drawn will you be able to setup an appointment with a notary to sign your docs. Note that 3 more days after all that is when your new loan will fund (right to rescind period for primary residence).
Unless you are cleared by the title company and/or are up against your lock expiration date you should have enough time.......even after your lock date expires there are exceptions to extend and it depends on Better to charge or not charge you the lock extension which isnt particularly expensive but is an added cost.
Shahhere