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 statess across the USA (and Washington, DC).
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.
Better Mortgage will typically fund mortgage refinances within 14 and 42 days of approval.
Yes, Better Mortgage may charge a loan origination fee.
Yes, Better Mortgage charges additional fees to borrowers who pay off their home loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Better Mortgage allows the following property usage types:
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