Will I get a rate lock cancellation fee if I need to break it?

Learn whether adding a co-borrower to your refinance application is the right call for you. Read more

Market value is the amount of money that a property would be sold for on the open market. This is determined by an appraiser based on its condition and comparable properties that have recently sold. Note that market value may not match the purchase price. Factors that affect market value on a home include: The house's age Location Square footage The number of beds and bathrooms Special features like a garage or pool What several comparable homes, or ``comps,'' have sold for recently In a hot housing market where homes receive multiple offers and sell quickly, you may be willing to pay more to keep up with or outbid the competition. More resources 10 factors that impact your home property value What does comparable sale or comp mean in real estate? A complete guide to what an appraisal is and the home appraisal process. Read more

Discover whether or not Better Mortgage is a direct loan lender. Here, you will also learn how we work with all our borrowers and find a link to get started. Read more