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AMEX Offer - Mortgage from Better.com w/ $2,500 statement credit

AMEX Offer - Mortgage from Better.com w/ $2,500 statement credit

Old Jun 17, 20, 12:28 am
  #16  
30k
 
Join Date: Aug 2019
Location: LAX
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Originally Posted by OskiBear View Post
I ended up finalizing my refi with them. It was fairly simple and I was fortunate the appraisal requirement was actually waived. From application/rate lock to closing/funding was 14 days.
Now I'm waiting for my $2,500 Amex credit. Hope that posts with no issues.
Any update on whether you got the credit? I wasnít personally targeted for the offer but would obviously love to take advantage as well the same way you were able to.
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Old Jun 18, 20, 7:53 am
  #17  
 
Join Date: May 2001
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I can confirm the $2500 credit posted on my account about 6 weeks after closing. I got (and used) the Quicken Loans offer, they also gave $1000 towards closing costs too. Didn't ask about rate matches, they were within 1/8% of what I would have gotten elsewhere w/o the credits. Overall a fairly easy process.
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Old Jun 19, 20, 2:01 am
  #18  
 
Join Date: Jun 2001
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Fairly happy with them myself. The initial rate was quite high. They matched another lender meaning two hard pulls (which isnít a big deal as they are grouped as one) beat closing costs by $1000 and got a free appraisal. Saving $450 a month adding three years to the loan. Win win.
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Old Jun 22, 20, 1:34 pm
  #19  
 
Join Date: Aug 2009
Location: Left Coast
Posts: 834
I called AmEx to get clear on this. So far as I understand, it does not have to be targeted. In other words, it didn't show up in my feed of "AmEx offers" when logged in to AmEx.com on any of my cards. However, when you apply for the mortgage from Better, the AmEx rep told me the name and email must match. All you need is a consumer AmEx card open and in good standing when you go in through the offer link to apply.

In my case I was using a different email address for Better and AmEx, but Better.com has a "change email" function available on their Web site which you can use, provided you have not come in via your Google (or Facebook?) profile. At least that is what I read in another thread. I registered for their site with an email and password; I am not using a Google or FB profile.

The Better.com rep told me there will be a form provided during closing where you enter your AmEx card number. The statement credit allegedly takes up to 8-12 weeks to appear.
zippy the pinhead is offline  
Old Jun 23, 20, 5:41 pm
  #20  
 
Join Date: Mar 2013
Posts: 624
I'm going through with a Better.com refinance right now. The $2500 offer makes them very attractive and tough to beat. Make sure you do all of your competitive rate shopping before going to Better as their off the shelf rates are not competitive.
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Old Jun 23, 20, 5:46 pm
  #21  
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Join Date: Aug 2019
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When you're cross-shopping, are you having to do a new hard pull with every lender in order to get a written loan offer that shows the offered interest rate? And did Better require that written loan offer in order to match/beat a competing rate?
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Old Jun 23, 20, 6:50 pm
  #22  
 
Join Date: Mar 2013
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Originally Posted by 30k View Post
When you're cross-shopping, are you having to do a new hard pull with every lender in order to get a written loan offer that shows the offered interest rate? And did Better require that written loan offer in order to match/beat a competing rate?
Rate shopping doesn’t affect your credit after the initial pull. You have 45 days to rate shop before you collect another hard pull. Better requires a loan estimate to match.

FWIW, Better will beat an offer by $1000, but once you lock in with them they will only match and not throw in the $1000 and won’t guarantee that match. That said a match +$2500 is still great.
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Old Jun 28, 20, 4:36 am
  #23  
 
Join Date: Dec 2004
Location: Apex, NC
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Done deal

I closed my refi with better 6/19.

2.875% 30 yr fixed (about a $335k loan)
A on CD: $0
B on CD: $64 (appraisal waived)
C on CD: $1125 ($525 is lenders title insurance, reissue rate)
Then.... $1530ish credit from Better on CD (I took impounds so Iíd get the full credit otherwise I would not.)

And.... $2500 AMEX credit.

The closing agent (local attorney) I used said it was the best deal heís seen. The rate above did require a price match - matched a UWM initial disclosure. UWM has extremely good rates for lowish LTV (sub 60%).

Theres a posting on Slickdeals on the strategies to maximize this deal w Better over 7000 replies... FYI.

Last edited by kesco; Jun 28, 20 at 4:43 am
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Old Aug 15, 20, 9:10 pm
  #24  
 
Join Date: Aug 2009
Location: Left Coast
Posts: 834
We funded via Better.com on 7/24. How long for that AmEx statement credit to hit your account?
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Old Aug 18, 20, 11:08 am
  #25  
 
Join Date: Mar 2013
Posts: 624
Originally Posted by zippy the pinhead View Post
We funded via Better.com on 7/24. How long for that AmEx statement credit to hit your account?
I closed on 7/8 and am still waiting.

Last edited by jags86; Sep 10, 20 at 7:32 pm
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Old Aug 18, 20, 6:59 pm
  #26  
 
Join Date: May 2005
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I had the same offer through Quicken (Rocket Mortgage) and it took 8 weeks to post.
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Old Sep 10, 20, 7:04 pm
  #27  
 
Join Date: Aug 2009
Location: Left Coast
Posts: 834
The credit came in around the first of September for us, so 40 days from funding to showing up in the card activity.
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Old Sep 10, 20, 7:39 pm
  #28  
 
Join Date: Mar 2013
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Originally Posted by zippy the pinhead View Post
The credit came in around the first of September for us, so 40 days from funding to showing up in the card activity.
I am 9 weeks since closing...still no $2500...
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Old Sep 15, 20, 9:26 am
  #29  
 
Join Date: Oct 2009
Posts: 67
Originally Posted by jags86 View Post
I closed on 7/8 and am still waiting.
we closed 7/11 and no credit yet here either.
geoffk is offline  
Old Sep 15, 20, 9:28 am
  #30  
 
Join Date: Mar 2013
Posts: 624
Originally Posted by geoffk View Post
we closed 7/11 and no credit yet here either.
I just got my credit today. I did call and inquire last week and they said they had record of it and would attempt to expedite. The credit was backdated to 9/4 which was the first day of my current statement period.
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