The Better Mortgage
Better Mortgage exists to make the home-buying process as smooth, transparent, and affordable as possible. Since their agents do not receive a commission on the loans they issue, they can pass those savings on to the customer.
- Fast preapproval of 24-hour turnaround
- Online process but human help available
Overview
Better Mortgage exists to make the home-buying process as smooth, transparent, and affordable as possible. Since their agents do not receive a commission on the loans they issue, they can pass those savings on to the customer.
Better Mortgage launched in 2014 to improve the process of buying a house t and make it easy and affordable for most Americans. Thanks to a powerful combination of innovative technology and phenomenal customer service, Better Mortgage offers fast, easy, and stress-free mortgages along with a host of other enticing services.
Services Available
Whether you want to buy a home or refinance your mortgage, Better Mortgage offers various services depending on your needs. However, since they are a younger company, they cannot provide home equity loans, so keep that in mind.
Better Mortgage wants to ensure their customers are educated on every step of the home-buying process because buying a new home can be challenging when you aren’t fully informed.
Applicants have access to various loan terms, including 30 year fixed, 20 year fixed, and 15 year fixed, as well as 10/1, 7/1, and 5/1 adjustable. They also recently started to offer FHA loans which allows them to serve even more customers.
Better Mortgage also enables you to create your own custom loan. You and your mortgage officer can tailor it to have the best interest rate, term, and monthly payment for your budget.
First-time homebuyers can put as little as 3% if they have a credit score of 600 or higher to get a loan through Better Mortgage. Customers looking to purchase a large home can attain a Jumbo mortgage with a 10% down payment.
Refinancing- Better Mortgage offers refinancing through their website. Agents do not receive a commission on refinances either, so customers can be confident they are getting the best rates with a Better Mortgage refinance. Once you refinance, you can use the savings to cash out, lower your monthly payment, or change your loan term.
Back to top ↑Cost and Special Offer
Better Mortgage doesn’t charge lender fees or fees related to your loan application, including underwriting and origination fees.
They charge for closing costs, but they guarantee to be at least $1000 cheaper than any of their competitors. If they can’t, they will pay you $1000.
Better Mortgage prides itself on getting the best mortgage rates for any situation, including
entrepreneurs and self-employed workers.
Customer Support
Customers can contact Better Mortgage via the phone, its website, or by email. When you are going through the application process, you will be assigned a dedicated agent to help you with each step. If you want to check your loan application status, you can always log onto the website 24/7 to see live updates.
Back to top ↑Conclusion
Better Mortgage is a promising new startup that utilizes innovative sales technology to offer affordable mortgages to America. If you are a first-time home buyer or want maximum savings on the mortgage process, Better Mortgage is worth checking out. Not only will you save money on application fees, but they will also pay you if they can’t beat competitor closing fees.
Back to top ↑* This content is not provided by the financial institution or the offer’s provider. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and does not constitute a financial or expert advice.