Related FAQs
Prepaid costs are payments made at closing for upcoming line items of your new home loan. They're called "prepaid" costs because you're paying for them before they are technically due. The most common kinds of prepaid costs are homeowners insurance, property taxes, and mortgage interest. These are paid into an escrow account to ensure that you have money to pay your bills when they become due. Read more
Prepaid costs are payments made at closing for upcoming line items of your new home loan. They're called "prepaid" costs because you're paying for them before they are technically due. The most common kinds of prepaid costs are homeowners insurance, property taxes, and mortgage interest. These are paid into an escrow account to ensure that you have money to pay your bills when they become due. Read more
Understand what owner-occupied means on a mortgage, why it matters to lenders, and how it could affect your loan options, interest rates, and approval terms. Read more
Understand what owner-occupied means on a mortgage, why it matters to lenders, and how it could affect your loan options, interest rates, and approval terms. Read more
In light of the COVID-19 outbreak, Better Mortgage is offering loan forbearance, waiving late and overdraft fees for loans in forbearance, and suspending foreclosures for all clients whose loans we service. Weâre also suspending negative credit reporting for borrowers in a forbearance plan consistent with Fannie Mae guidelines. For more information on the Better response to COVID-19, check out our COVID-19 newsroom. Read more
In light of the COVID-19 outbreak, Better Mortgage is offering loan forbearance, waiving late and overdraft fees for loans in forbearance, and suspending foreclosures for all clients whose loans we service. Weâre also suspending negative credit reporting for borrowers in a forbearance plan consistent with Fannie Mae guidelines. For more information on the Better response to COVID-19, check out our COVID-19 newsroom. Read more