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Kerberos
Kerberos

I did the $2500 offer last year… any DPs of people doing this promotion multiple times? For example, the $2.5k offer when purchasing last year and this $2k offer when refinancing this year. T&C don’t seem to prohibit it but would be curious to see what people’s experiences have been.

Fish
Fish

We got the $2,500 last year and $2k this year, both for refinancing. We are looking to purchase so will go for another $2k since it will be a new property (terms say only one statement credit per property within a six-month period).

ChrissyJ
ChrissyJ

Loan minimum has to be $75,000

dcart
dcart

Does the Amex Hilton Aspire qualify for this promotion?

dcart
dcart

I can confirm that it does. It took only about 2 weeks after closing to get it.

bullfrog23414
bullfrog23414

Pre-approved for a Jumbo, but as others mentioned, the quote is $6k in points higher than Ally and $7k higher than PenFed and no matching, and no $100. Might not be your best bet if you’re in the jumbo market. I added the AMEX promo after getting the initial quote, but before asking them to match, so maybe that was wrong.

Tim
Tim

Just FYI, this wasn’t my experience. For my Jumbo, Better and Ally were almost identical (Ally’s rate table was maybe a few hundred dollars more generous on points at the same rate). But that was before Better Amex credit. Once I added Amex discount, better blew everybody else away.

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

Daniel K
Daniel K

Thanks. This did show up on my final disclosure. Had to keep checking with my refi agent and the Amex credit showed up as one of the online “tasks” where I had to enter the Amex card number for the account that I wanted to receive the credit.

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%.

Fei
Fei

I just followed your tip and found the rate to be quite different ~0.2 points for the same info. Thanks for the tip. If l decide to go with Better.com (I may not since most sellers might prefer local lenders but this is a good rate for them to beat at least), I just call the Better agent to add AMEX promo after locked rate but before closing? This won’t affect my locked rate, right? The bankrate one does not have AMEX info in the loan estimate. Thanks!

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?