Image of an Brick Apartment Building Next to an Image of a Young woman in Front yard of House
Image of an Brick Apartment Building Next to an Image of a Young woman in Front yard of House

What You’ll Learn

The advantages and disadvantages of renting versus buying a house

What factors go into a rental and mortgage approval

Why buying a home may be more affordable than you think

Are you thinking about making the switch from renting to buying a house? Maybe you’re sick of paying off someone else’s mortgage, you want to start building equity, or you simply want a home that feels more like yours. Whatever the reason, there’s a lot to consider before jumping into homeownership. …

The path to homeownership is made up of lots of little steps that add up to one important purchase. We’ll take you through the complete home buying checklist-most of which can now be completed online with the help of Better.

You can even download a printable version so you can mark your progress any time, anywhere.

Figure out how much home you can afford

The first step towards owning a home is to develop a good understanding of your financial strengths and limitations. Knowing exactly where you stand will help you negotiate with confidence and avoid situations where you’re financially overextended.

  1. Check your credit score
  2. Calculate your debt-to-income…

The steps involved in the homebuying process

Homebuying Process Timeline — Pre-approval, Processing, Closing/Funding
Homebuying Process Timeline — Pre-approval, Processing, Closing/Funding

What You’ll Learn

The steps involved in the homebuying process

How long you can expect the homebuying process to take

What your role will be in each step of the process

You’ve been thinking about buying a home for months-maybe even years. Now that you’re ready, you’re probably wondering how long it will take until you get to pick up the keys. Of course, the time it takes to find a home you love is going to vary, but the average timeline to close a mortgage is just 42 days. …

View Your Home Like a Mortgage Lender
View Your Home Like a Mortgage Lender

When you apply for a mortgage, you’ll be asked how your property will be used-as a primary residence, second home, or investment property. How you categorize the home will affect the mortgage rates available and the requirements needed to be approved for a home loan.

How property occupancy can affect your mortgage

The intended use of your property will affect the interest rates available and the requirements needed to get a mortgage for the home. This is because lenders must assess the level of risk in providing you a mortgage, meaning they determine how likely it will be that you pay back your loan. The riskier the…

That’s right. We said it.

By Erik Bernhardsson & Kristen Connor.

Originally published at better.com.

Mortgage loan officers typically get paid 1% of the total loan amount. We explore the reasons why loan officer commission is bad for consumers. And we offer an alternative — Better Mortgage has loan officers who don’t get paid commission, ever.

Loan officers are the main point of contact for borrowers throughout the mortgage application process at almost every mortgage lender. That’s an important job, right?

In return for this service, the typical loan officer is paid 1% of the loan amount in commission. On a $500,000 loan, that’s a…

What You’ll Learn

How to buy a home online, from getting pre-approved to making an offer

Why it may be cheaper, faster, and safer to work with a digital lender

What to expect when you work with Better Mortgage

The internet makes just about anything possible: you can get groceries delivered to your doorstep, instantly stream any movie or song in the world, even order a car from the comfort of your couch. But what about buying other big-ticket items online, say…a house?

These days you don’t have to wait around for a bank to pencil you into their schedule…

Ali Motto, Senior Manager, Product and Technology Operations sits down with Diane Yu to learn more about what motivated her to join Better and what she’s most excited about.

We are thrilled to have Diane Yu on board as our new Chief Technology Officer. Diane brings decades of experience and we’re excited for the strategic leadership she’ll bring to the engineering team and our technology operation more broadly.

Prior to joining Better, Diane was the Co-Founder and CTO at FreeWheel, a technology platform she built from scratch and sold to Comcast in 2017. As co-founder and CTO of FreeWheel, Diane built and evolved the company’s research and development hub in her native Beijing. …

Person on Home Buying a New Construction Home
Person on Home Buying a New Construction Home

When you’re shopping for a home, there is an undeniable appeal in going the new construction route. Why move into someone else’s old space when you could work with a builder to create your dream home? You’ll get brand new everything with all the modern details and likely have fewer maintenance costs too. New construction homes may seem like an easy option, but they do have their drawbacks. For one thing, mortgages for new construction homes tend to be a little more complicated than their resale counterparts. You’re also at risk of falling victim to predatory lending tactics from builders…

Elizabeth Root (NMLS ID: 1658188), a licensed Mortgage Expert at Better Mortgage, explains how to decide whether or not to include another person in your mortgage application.

Painted Ladies in San Fransisco with Text Overlayed that Reads ‘See if Co Borrowing is Right for You’”
Painted Ladies in San Fransisco with Text Overlayed that Reads ‘See if Co Borrowing is Right for You’”

Many of our Better Mortgage customers buy homes with a significant other, family member, or even a close friend by their side. If you’re in the same boat, you might be wondering if you should include that certain someone in your mortgage application as a co-borrower. Let’s discuss whether doing so is right for you.

What is a co-borrower?

Let’s start off by discussing what exactly it means to be a co-borrower. While you’ll often hear “co-borrower”…

Better aims to cut the time to refinance in half. In this article, we share the experiences of two real borrowers who closed their loans in under 21 days and give you tips on how to do it.

Anyone who’s gone through a typical loan refinance can tell you the roller coaster of frustration, mental exhaustion, and inefficiencies that come with the process. Typically a 5–7 week process, a refinance is often a struggle between the borrower and the numerous parties involved. …

Better

Our mission is to use the latest technology to make getting a mortgage simple, transparent, and hassle-free. NMLS ID# 330511

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