Won’t affect your credit score
Want to get cash from your home?
Let us figure out the best, cheapest way for Better to get the cash you need fast!
Won’t affect your credit score
Best Mortgage Lenders
of 2023
Best Mortgage Lender for
Affordability 2023
Best for All-in-One
Online Homebuying
$100B+
Home loans funded online
400,000+
Customers proudly served
Mateo & Alejandra | Better Mortgage customers
Mateo & Alejandra
Better Mortgage customers
Here’s what you can expect:
Comprehensive breakdown of Cash-out vs. HELOC cash options
Expert personalized recommendation from Better Mortgage
Ability to confidently borrow against your home knowing your options
...all in as little as 3 minutes!
Best part? You can have your cash in hand in as fast as 7 days.*
We make mortgages simpler, faster, and cheaper
We've built technology to streamline the lending process, making it cheaper (and faster) for us to make the loan, which means we can then pass savings onto you. Win win.
Bigger benefits. Half the interest.
What cash-out option is better for me?
A HELOC and a Cash-out Refinance are both great options to trade your home equity for cash, but what's the difference? Here is the high-level break down, but once you go through the process, our tech will figure out which Better Mortgage option will be best and cheapest for you, depending on your goals.
HELOC
Cash-out refinance
What is it?
A revolving line of credit secured by the equity in your home.
Refinances the first mortgage with the option to take equity out as cash.
How do I get the cash?
Withdraw funds as you need them
One lump sum check representing the difference between the two mortgages
How much can I borrow?
$50k - $500k
Varies
Interest rate
Variable interest rate
Fixed interest rate
Keep your mortgage rate?
Interest only period?
5-10 years
Closing costs
Minimal
Credit score requirement
680+
620+
How do I pay it back?
Additional monthly payment with customizable terms.
One new, primary mortgage payment.
Why customers love Better Mortgage
Fantastic Experience All Around
I had been looking for refinance options for six months before working with Better. Each other company was charging exorbitant closing fees, and made the process of submitting documentation miserable. The came Better. The whole experience, from beginning to end, was quick, efficient and effortless.
Robert
Five Star Review!
With the rising credit card rates, it makes perfect sense to get a HELOC. Answered all my questions and very easy to work with. Thank you so much for making the whole process painless!
Glyn
¹Assumes borrowers are eligible for the Automated Valuation Model (AVM) to calculate their home value, their loan amount is less than $400,000, all required documents are uploaded to their Better Mortgage online account within 24 hours of application, closing is scheduled for the earliest available date and time, and a notary is readily available. Funding timelines may vary and may be longer if an appraisal is required to calculate a borrower’s home value.
Won’t affect your credit score
Want to get cash
from your home?
Let us figure out the best, cheapest way for Better
to get the cash you need fast!
Won’t affect your credit score
Best Mortgage Lenders
of 2023
Best Mortgage Lender for
Affordability 2023
Best for All-in-One
Online Homebuying
$100B+
Home loans funded online
400,000+
Customers proudly served
Mateo & Alejandra | Better Mortgage customers
Mateo & Alejandra
Better Mortgage customers
Here’s what you can expect:
Comprehensive breakdown of Cash-out vs. HELOC cash options
Expert personalized recommendation from Better Mortgage
Ability to confidently borrow against your home knowing your options
...all in as little as 3 minutes!
Best part? You can have your cash in hand in as fast as 7 days.¹
Image above, including figures, rates, and monthly payment amounts, are for example purposes only. Your actual rates and monthly payments amount will vary.
We make mortgages simpler, faster, and cheaper
We've built technology to streamline the lending process, making it cheaper (and faster) for us to make the loan, which means we can then pass savings onto you. Win win.
Why customers love Better Mortgage
Fantastic Experience All Around
I had been looking for refinance options for six months before working with Better. Each other company was charging exorbitant closing fees, and made the process of submitting documentation miserable. The came Better. The whole experience, from beginning to end, was quick, efficient and effortless.
Robert
Five Star Review!
With the rising credit card rates, it makes perfect sense to get a HELOC. Answered all my questions and very easy to work with. Thank you so much for making the whole process painless!
Glyn
¹Assumes borrowers are eligible for the Automated Valuation Model (AVM) to calculate their home value, their loan amount is less than $400,000, all required documents are uploaded to their Better Mortgage online account within 24 hours of application, closing is scheduled for the earliest available date and time, and a notary is readily available. Funding timelines may vary and may be longer if an appraisal is required to calculate a borrower’s home value.