The loan estimate is intended to provide a clear and concise summary of the terms and costs associated with any loan. Here’s how to read it with confidence. The Loan Estimate (LE) provides a clear and concise summary of the terms of your loan to help you understand the features, costs and risks associated...Read more
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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...Read more
Why a no-cost mortgage has historically been the best choice for most borrowers: try our interactive tool
If you refinance or sell your home in the average timeframe, taking lender credits to offset your closing costs (a.k.a., a no-cost mortgage) will save you money in comparison to paying points. “Taking credits” refers to the practice of accepting a higher interest rate (and therefore higher monthly payments) in exchange for cash...Read more