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  Better.com Mortgage Refinance
Better.com Mortgage Refinance
in Mortgage Refinance from Better.com · NMLS ID #330511
Unaffiliated

Better.com Mortgage Refinance

Unaffiliated
in Mortgage Refinance from Better.com · NMLS ID #330511
SuperMoney Net Recommendation Score +86  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +86, equating to 4.7 on a 5 point rating scale.

+86

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

6 users recommend
1 user is unsure
0 users don't recommend
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Highlights
Community Rating Strongly recommended
Loan Amount Up to $3,000,000
Loan Term (Years) 15 - 30 years
Number of Reviews 7

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 are available in 40 states (and Washington, DC).

Key Takeaways

  • No origination fee. Better.com Mortgage Refinance does not charge a fee for processing your application on some loan options.
  • Only offers one mortgage program. Better.com Mortgage Refinance only refinances FHA mortgages.
  • Specializes in single-family homes. Only offers mortgages for single-family homes, but not for multi-family properties or manufactured homes.
  • Non-standard interest rates available. Better.com Mortgage Refinance only offers hybrid mortgages.
  • Considers personal use and investment properties. Refinancing available for primary homes, vacation homes, and even investment homes, such as rental properties.

Better.com Mortgage Refinance Pros & Cons

Pros Cons
  • Loan options with $0 origination fee.
  • $0 prepayment fee.
  • Available in 40 states.

Better.com Mortgage Refinance FAQ

What is the maximum loan term for a mortgage refinance via Better mortgage?

The term of a mortgage refinance will impact 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 mortgage refinancing with terms ranging from 15 to 30 years.

How long does Better mortgage take to refinance?

Generally, it takes Better mortgage between 14 and 42 days to complete a refinance. Of course, this is just an estimate. The exact time will vary depending on the lender and the market.

Does Better mortgage 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 mortgage 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 mortgage 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 mortgage 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
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Hours of Operation

  • Sunday 9:00am - 9:00pm
  • Monday 9:00am - 9:00pm
  • Tuesday 9:00am - 9:00pm
  • Wednesday 9:00am - 9:00pm
  • Thursday 9:00am - 9:00pm
  • Friday 9:00am - 9:00pm
  • Saturday 9:00am - 9:00pm

Other Services by Better.com

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Availability

  Available in 40 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Idaho
  • Illinois
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Michigan
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • New Jersey
  • New Mexico
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Origination Fee
No Prepayment Fee
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Intended Use
  • Primary Home
  • Secondary Home
  • Investment
Joint Loan Applications Accepted
  • Individual Applications
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Property Type
  • Single Family Home
  • Townhome
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Recent Pay Stubs
  • Proof of Income
  • Proof of Identity
  • Government Issued Photo ID
  • Recent Bank Statements
  • Social Security Number
APR Starting at 2.5%
Loan Term 15 - 30 years
Loan Amount Up to $3,000,000
Interest Rate Types Offered Hybrid Mortgage
Mortgage Programs FHA

Better.com Mortgage Refinance Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +86, equating to 4.7 on a 5 point rating scale.

+86

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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