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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.
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Joined May 2011
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> bubble2 186 Posts
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tamuk
12-08-2019 at 06:46 AM.
12-08-2019 at 06:46 AM.
What credit score is required to qualify for 2.875% rate. I just checked their current rates and lowest I am seeing for the excellent score is 3.5%. Am I missing something?
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Greenworld123
12-08-2019 at 06:54 AM.
12-08-2019 at 06:54 AM.
Quote from tamuk :
What credit score is required to qualify for 2.875% rate. I just checked their current rates and lowest I am seeing for the excellent score is 3.5%. Am I missing something?

I locked in my rate on November 5th, so rates may have changed for market conditions since then.

I applied with my wife, we both have credit scores above 750. They pulled all 3 scores.

Also, of that $2517 in closing costs. A big portion was buying down the rate:
0.757% of Loan Amount (Points) -- $1,653
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Last edited by Greenworld123 December 8, 2019 at 06:56 AM.
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laxmanreddy
12-08-2019 at 07:01 AM.
12-08-2019 at 07:01 AM.
👍 thanks
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Last edited by laxmanreddy December 8, 2019 at 07:03 AM.
Joined May 2011
L3: Novice
> bubble2 186 Posts
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tamuk
12-08-2019 at 07:04 AM.
12-08-2019 at 07:04 AM.
Thanks. Looks like they will do a soft credit check ( no good) for just to enroll for the promotion. I am in the middle of closing a refinance with WF and looking at all the factors I don't see a benefit for me to consider Better.
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Joined Feb 2011
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James7Bond007
12-08-2019 at 07:07 AM.
12-08-2019 at 07:07 AM.
Alas, better.com does not operate in Virginia (yet).
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Greenworld123
12-08-2019 at 07:13 AM.
12-08-2019 at 07:13 AM.
Quote from tamuk :
Thanks. Looks like they will do a soft credit check ( no good) for just to enroll for the promotion. I am in the middle of closing a refinance with WF and looking at all the factors I don't see a benefit for me to consider Better.

$2,500 from amex is not a benefit?
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Joined Jan 2005
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dealfreak
12-08-2019 at 07:17 AM.
12-08-2019 at 07:17 AM.
Thanks OP
Did this offer show up in your Amex card's Amex Offers & Benefits section?
Also I don't seem to find rate lower than 3% I am in 800+ on my scores
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Joined May 2014
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Greenworld123
12-08-2019 at 07:21 AM.
12-08-2019 at 07:21 AM.
Quote from dealfreak :
Thanks OP
Did this offer show up in your Amex card's Amex Offers & Benefits section?
Also I don't seem to find rate lower than 3% I am in 800+ on my scores

Yes, it did.
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Joined Jul 2006
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Nattefrost
12-08-2019 at 07:21 AM.
12-08-2019 at 07:21 AM.
No go in NY
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Joined Sep 2008
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> bubble2 4,516 Posts
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karazi
12-08-2019 at 07:34 AM.
12-08-2019 at 07:34 AM.
You are better off waiting for rates to come back down than taking this credit. Although I see it only starts in July, interesting. By then it may be a good play.
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Greenworld123
12-08-2019 at 07:43 AM.
12-08-2019 at 07:43 AM.
Quote from karazi :
You are better off waiting for rates to come back down than taking this credit. Although I see it only starts in July, interesting. By then it may be a good play.
The deal is active now, apply by July, close end by Oct 28th.
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Last edited by Greenworld123 December 8, 2019 at 07:46 AM.
Joined Apr 2012
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ChuckMiles
12-08-2019 at 07:48 AM.
12-08-2019 at 07:48 AM.
Is this statement credit a taxable or 1099?
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Last edited by ChuckMiles December 8, 2019 at 07:50 AM.
Joined Nov 2013
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camsam
12-08-2019 at 07:51 AM.
12-08-2019 at 07:51 AM.
Can I use the link OP provided to start the process to get the credit?
I do not see this offer in any of my AMEX cards
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