Slickdeals is community-supported.  We may get paid by brands or deals, including promoted items.
Forum Thread

Amex $2,500 Statement Credit with Rocket Mortgage New Loan or ReFi

+15 Deal Score
42,656 Views
Got an email from American Express, similar to the deal they had earlier this year they are partnering with Quicken Loans and offering $2,500 statement credit if you refinance or close on a mortgage through their link:

https://www.americanexpress.com/u...ken-loans/

Seems to be a decent deal if you were looking to refinance anyway. I'm usually out of luck on these due to the archaic rules about commercial space in a building. Hopefully it's helpful for some.
  • Deal Image
Amex $2,500 Statement Credit with Rocket Mortgage New Loan or ReFi
Get Deal at Retailer
Good Deal?
Add Comment
Reply
in Home & Home Improvement (2) Get American Express Giftcards Coupons
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.
Deal
Score +15
42,656 Views
Get Deal at Retailer

100 Comments

View Forum Thread
12345

Your comment cannot be blank.

Sign up for a Slickdeals account to remove this ad.

Joined Dec 2005
L5: Journeyman
> bubble2 821 Posts
56 Reputation
Atl golfer
01-28-2020 at 06:47 AM.
01-28-2020 at 06:47 AM.
They are making up for that credit somewhere. I'd be surprised if they were able to beat or match some traditional lenders.
Like
Funny
>
Helpful
Not helpful
Reply
Joined Sep 2005
L4: Apprentice
> bubble2 1,344 Posts
522 Reputation
Original Poster
Zorn
01-28-2020 at 06:50 AM.
01-28-2020 at 06:50 AM.
Quote from Atl golfer :
They are making up for that credit somewhere. I'd be surprised if they were able to beat or match some traditional lenders.
I don't have personal experience with them but have heard lots of good things about Rocket Mortgage, they are a pretty big lender. Most likely a standard type of split commission thing, paying out a few grand isn't a big deal when many home loans are $150k+
Like
Funny
>
Helpful
Not helpful
Reply
Joined Jun 2009
L8: Grand Teacher
> bubble2 3,862 Posts
579 Reputation
LeviathanUltima
01-28-2020 at 06:54 AM.
01-28-2020 at 06:54 AM.
Their rates are nothing spectacular to rave about. I think that is how they make it up. I guess I'll keep waiting. The offer is good until oct. Assuming the feds keeps the rates low until then.
Like
Funny
>
Helpful
Not helpful
Reply
Joined Dec 2008
L644
> bubble2 2,591 Posts
359 Reputation
Travis64
01-28-2020 at 06:59 AM.
01-28-2020 at 06:59 AM.
What are the refinance rates right now for 15 year mortgage?
Like
Funny
>
Helpful
Not helpful
Reply
Joined Jun 2012
L3: Novice
> bubble2 190 Posts
73 Reputation
infinitig37
01-28-2020 at 07:05 AM.
01-28-2020 at 07:05 AM.
***To qualify, must be in approved state. In the mortgage application, your current address must be in one of the following states: AL, AZ, CA, CO, CT, FL, GA, IL, IN, MA, MD, MI, MN, NC, NJ, NY, OH, PA, SC, TN, TX, UT, VA, WA, WI (each, an "eligible State");
Like
Funny
>
Helpful
Not helpful
Reply
Joined Sep 2015
L3: Novice
> bubble2 167 Posts
131 Reputation
Damitguy
01-28-2020 at 07:05 AM.
01-28-2020 at 07:05 AM.
Quote from Travis64 :
What are the refinance rates right now for 15 year mortgage?
2.75 to 3.00 depending on lenders and credit score.
Like
Funny
>
Helpful
Not helpful
Reply
Joined Jun 2009
L8: Grand Teacher
> bubble2 3,862 Posts
579 Reputation
LeviathanUltima
01-28-2020 at 07:16 AM.
01-28-2020 at 07:16 AM.
Quote from Travis64 :
What are the refinance rates right now for 15 year mortgage?
from what i can check, quicken loan is doing 3.125% with 2 points purchase. Apr is around 3.6% Which is not a great deal. Navy fed has 2.75 with 0.75 point purchase. Apr is 3.0%

I much rather go with navy fed.
Like
Funny
>
Helpful
Not helpful
Reply

Sign up for a Slickdeals account to remove this ad.

Joined Jan 2008
L9: Master
> bubble2 5,961 Posts
786 Reputation
Eagles89
01-28-2020 at 07:27 AM.
01-28-2020 at 07:27 AM.
They will play games with the interest rate to make that money back. It's sort of the same way lenders for new construction can advertise no closings costs.
Like
Funny
>
Helpful
Not helpful
Reply
Joined Aug 2008
L2: Beginner
> bubble2 45 Posts
58 Reputation
thesamurai
01-28-2020 at 07:53 AM.
01-28-2020 at 07:53 AM.
Can you take the loan and repay immediately? What are closing costs? Presuming no up-front points?
1
Like
Funny
>
Helpful
Not helpful
Reply
Joined Sep 2005
L3: Novice
> bubble2 152 Posts
34 Reputation
metalcoat
01-28-2020 at 09:45 AM.
01-28-2020 at 09:45 AM.
I have my home financed with Quicken Loans, nothing great but were able to beat all my local providers. However they do call about every 6 months looking to refinance, usually not worth it when just adding additional principal.
Like
Funny
>
Helpful
Not helpful
Reply
Joined Sep 2004
L6: Expert
> bubble2 1,512 Posts
328 Reputation
dealmaster00
01-28-2020 at 10:01 AM.
01-28-2020 at 10:01 AM.
When looking for a mortgage or refi, always shop around. This is one particular place you can shop. Take the $2500 credit into account when comparing to other places - it may or may not beat them out.
Like
Funny
>
Helpful
Not helpful
Reply
Joined Dec 2016
New User
> bubble2 8 Posts
10 Reputation
andysld
01-28-2020 at 10:36 AM.
01-28-2020 at 10:36 AM.
Quote from Zorn :
Got an email from American Express, similar to the deal they had earlier this year they are partnering with Quicken Loans and offering $2,500 statement credit if you refinance or close on a mortgage through their link:

https://www.americanexpress.com/u...ken-loans/

Seems to be a decent deal if you were looking to refinance anyway. I'm usually out of luck on these due to the archaic rules about commercial space in a building. Hopefully it's helpful for some.
" exclusively for eligible Card Members"
How one checks if she/he is an eligible Card Member"?
They ask to apply w/o actually telling you if you are an "eligible Card member".
Like
Funny
>
Helpful
Not helpful
Reply
Joined Sep 2005
L4: Apprentice
> bubble2 1,344 Posts
522 Reputation
Original Poster
Zorn
01-28-2020 at 10:38 AM.
01-28-2020 at 10:38 AM.
Quote from andysld :
" exclusively for eligible Card Members"
How one checks if she/he is an eligible Card Member"?
They ask to apply w/o actually telling you if you are an "eligible Card member".
As long as you have a personal Amex card and sign up through the Amex link for this offer. They had a very similar one for better.com and people who weren't specifically targeted but signed up through the Amex link still got the credit.
Like
Funny
>
Helpful
Not helpful
Reply
Joined Dec 2016
New User
> bubble2 8 Posts
10 Reputation
andysld
01-28-2020 at 10:41 AM.
01-28-2020 at 10:41 AM.
Quote from Damitguy :
2.75 to 3.00 depending on lenders and credit score.
https://www.quickenloans.com/mortgage-rates
3.125% IR, 3.6% APR - way too expensive
Like
Funny
>
Helpful
Not helpful
Reply
Page 1 of 7
12345
Start the Conversation
 
Link Copied

The link has been copied to the clipboard.