in Mortgage Refinance from Better MortgageUnaffiliated
|Loan Term (Years)||15 - 30|
|Loan Amount||Up to $3,000,000|
Where does Better Mortgage do business?
Better Mortgage is a direct lender based in New York, NY. The company was founded in 2014 and offers mortgage refinancing to borrowers in 13 states across the USA (and Washington, DC).
What is the maximum loan term for a mortgage refinance via Better Mortgage?
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 Mortgage offers mortgages refinancing with terms ranging from 15 to 30 years.
What is the estimated funding time for a mortgage refinance with Better Mortgage?
Better Mortgage will typically fund mortgage refinances within 42 days of approval.
Does Better Mortgage charge a mortgage origination fee?
No, Better Mortgage 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 Mortgage does not charge prepayment fees. This means you will not have to pay additional fees if you decide to repay the mortgage early.
What property usage types does Better Mortgage allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Better Mortgage allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
- Washington, DC
- New Jersey
- North Carolina