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Daniel K
Daniel K

I’m in the middle of a refinance with Better mortgage right now (rates were competitive to other lenders). But I’m having trouble making sure the Amex statement credit gets added to my refi before closing. I’ve been asking my Better agent about it, but he hasn’t had a definite answer about it. I am assuming that I have to add the Amex account number for the card that I want to receive the statement credit as one of the “steps” in the Better website application? Can someone confirm this for me.

thiseye
thiseye

It should be in the closing cost details https://imgur.com/a/NdTBSWP

mrfnuts
mrfnuts

From the more competitive rates I’ve found out there, it absolutely looks like these guys are ~$2K more expensive in points on conforming loans, and $6K more expensive on the Jumbo’s — I do not believe this is a coincidence.

And of course, I have not get them to match anything yet (and since their guarantee only applies to loans under ~$550K, I haven’t even made $100). Quite the waste of time so far.

Moldova
Moldova

Disagree, their rates beat everyone else in my case. I tried several lenders and all of them gave me worse quotes.
Pro Tip: start shopping for rates at bankrate.com, chose better.com, add amex promo to your account after pre-approval and before closing.
They will give you worse rate if you start from the link provided above.

sg77

The rates seem to vary widely depending on your loan amount, etc. On bankrate, Better’s rate for me is 4%; if I reduce the loan amount by $50k, the rate drops to 2.875%.

Ezekiel
Ezekiel

Did anyone try to refinance again before the receiving the AMEX credit and still got the credit?

Jesse
Jesse

Got a better overall rate at PenFed which Better could not match despite their best price guarantee. The Amex credit is just baked into their rates, it’s not a real discount.

Arley Lozada
Arley Lozada

YMMV. I got Better to match last year to the lowest price I got. Best refinance deal I have ever done with the Amex credit. And I did this on two properties.

CK9
CK9

NOT good rate (at least for me). A bunch of local banks gave better rate that better !!!

Michael Denner
Michael Denner

Did this last year, refi’d a place in Maine. The service was…fine. And the rate was exactly the same as I found elsewhere (this makes sense when the prime is as low as it is… the differences get smaller as the rate goes down, math…). I’d recommend them without reservation though without enthusiasm… But, hey, who LIKES the experience?

Martin Pena
Martin Pena

I’m closing soon on a loan from Better.com and saw this offer. I reached out to my closing expert and was able to add the American Express offer. Afterwards, I received a task and added my Platinum card # (fingers crossed it goes through) and name.

Shelly
Shelly

useless, their rate is too high, not worthy at all

gene
gene

did this last year… was easy to do. I did work with other lenders and got Better to match their offers. Good deal. Gonna consider this again – but a bit concerned as I have LOTS of inquires on my record – still at 790 though.

Ferris
Ferris

What lenders do they match? It sounds like you actually had to talk to have your credit get pulled with an estimate.

CK9
CK9

they said it is a soft check… does not affect your credit score.

Brian
Brian

FWIW, I refinanced with better.com in the last quarter of 2020 and it was a good experience.