Better.com Mortgage Refinance
in Mortgage Refinance from Better.comUnaffiliated
Better.com Mortgage RefinanceUnaffiliated
in Mortgage Refinance from Better.com
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|Loan Term||15 - 30 years|
|Loan Amount||Up to $3,000,000|
Better.com Mortgage Refinance Review
Better.com Mortgage Refinance is offered by Better.com (NMLS #330511), a direct lender founded in 2014 and based in New York, NY. Better.com Mortgage Refinance is available in 40 states (and Washington, DC).
What is the maximum loan term for a mortgage refinance via Better.com Mortgage Refinance?
The term of a mortgage refinance will determine the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. Better.com Mortgage Refinance offers mortgages refinancing with terms ranging from 15 to 30 years.
What is the estimated funding time for a mortgage refinance with Better.com Mortgage Refinance?
Better.com Mortgage Refinance will typically fund mortgage refinances within 42 days of approval.
Does Better.com Mortgage Refinance charge a mortgage origination fee?
No, Better.com Mortgage Refinance does not charge a mortgage origination fee.
Some lenders charge an origination fee for processing, underwriting, and funding a mortgage. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
Does Better.com Mortgage Refinance charge prepayment fees?
No, Better.com Mortgage Refinance does not charge prepayment fees. This means you will not have to pay additional fees if you decide to repay the mortgage early.
What mortgage programs does Better.com Mortgage Refinance offer?
Better.com Mortgage Refinance offers the following mortgage types:
- Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
- FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
What property usage types does Better.com Mortgage Refinance allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Better.com Mortgage Refinance allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
- Washington, DC
- New Jersey
- New Mexico
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia