Today’s article revolve around Better Mortgage. This is a legal agreement by which, a bank, building society etc. lends money at interest in exchange for taking title of the debtor’s property, with the condition that the conveyance of title becomes void upon the payment of the debt.
Types of mortgage; simple, mortgage by title deed deposit, anomalous, English ,by conditional sales, usufructuary mortgage.
What is ‘BETTER Mortgage’?
BETTER is dedicated to making homeownership faster and simpler, with superior customer support along the way ,a nonbank home loan provider without a network of brick-and-mortar offices . The company, founded in 2014, says it focuses on 24/7 through technology and demand human assistance.
Types of Better Mortgage Offer
- Planned unit development[PUD]
- Multi-family homes[up to four unit]
- Single-family homes.
Better Mortgage Reviews
When to contribute to this better mortgage review, a company spokesman said; ‘our mission is to change the way American buy and refinance their home by delivering lower rate , faster closing times and a radically transparent, technology-driven process. We prioritize consumer experience through an online process , with instant loan estimates, honest rates quotes 24-hours verified pre-approvals , all complemented by support from non-commissioned loan office.
Better Mortgage Rate
- Estimated rate/APR: 2.250% / 2.432% (15-year fixed]
- Rate/APR: 2.625%/ 2.805% (0-years fixed)
- Estimated rated/APR:2.875%/2.971%(30-years fixed)
Working With Better
With better, the whole idea is an end-to-end online experience, so can you use your phone , computer ,or another device to:
- Prequalify for mortgage
- Manage your account
- Sign document using e-signature
- Apply for a mortgage
- Open document secure
- Close on your home loan
The Better Price Guarantee
Better strongly promote it “better price guarantee” which states:”if you think another lender has a competitive price, send us their own loan estimate within 3 business days from the date on the loan .
if we cant beat it by at least $1000, we’ll give you $1000 in cash. This isn’t a marketing ploy or a flash sale. it’s simply our promise to you. For example, if Better and Wells Fargo offered you the same rate , but Wells had lower closing costs, better would either have to lower its cost or cuts you a $1,000 check.
Unlike some bigger lenders, Better is not yet rated in the annual J.D. satisfaction study. According to the review online it show that Better Mortgage customers are really happy with their service. The company has an average review score of 4.3 out of 5 across multiple review platforms. and it got fewer than one complaint per 100 customers in 2020. You can visit the website to read more.