You’ve got questions — and we’ve got answers! Explore our Frequently Asked Questions for answers to the most-asked questions we receive about mortgage loans and refinancing.
Better Rate Mortgage is a premier residential wholesale broker and direct lender dedicated to providing the best mortgage experience with expert advice. As lending professionals with years of experience, we got tired of seeing so many well-qualified borrowers be shut out of the market by a process that was unnecessarily complicated. So when we decided to take our expertise and match it with the latest in online tools and automation, we wanted to finally deliver a mortgage process that didn’t leave qualified candidates scrambling to get to the finish line. The result is an easy-to-use digital platform that can get your mortgage needs handled faster with fewer expenses, allowing us to offer the lowest rates and fees in the industry.
We put our customer at the center of everything we do. Creating the best mortgage experience with unmatched service and expert advice to help find the perfect mortgage with complete transparency is our mission.
Better Rate Mortgage recommends loans you may be eligible for based on the information you provide. The loan options include:
Better Rate Mortgage is licensed in CA, CO, FL, MI, NE, OH.
States Coming Soon: TX, TN, NC, ID
If you live or plan to live in one of these states, we would love to talk to you and see how we can help.
Contrary to popular belief, you can get a home with as little as $0 down on a VA loan or 3% down for a conventional mortgage. While 20% down will give you the lowest rate, our Loan Down Payment program offers you the ability to buy a home with much less and still get a great rate.
We get asked that all of the time. Every borrower’s situation is different but we suggest looking at what you pay in rent and determining if you could own a home for the same amount or less. With rent prices on the rise, many of our clients are surprised they can buy a home with little money down and still have a lower payment than what they pay in rent.
Most of our borrowers use money from their checking and savings accounts. Gifts from family members, money borrowed from IRA/401k accounts and equity from a current home you are selling is also allowed.
A mortgage payment is comprised of several parts: Principal and interest, real estate taxes, homeowners insurance and possibly mortgage insurance.
Not really. You’ll need most of the same documents and you’ll likely need to get an appraisal as well. While they are less deadline sensitive than a purchase our goal is still to get it closed as quickly as possible.