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Frequently asked questions

Does Better Mortgage charge lender fees?

No, Better Mortgage does not charge lender fees. That means no origination fees, no application fees, no processing fees, and no underwriting fees. For way too long, lenders charged hidden fees at every stage of the mortgage process.

Weโ€™re proud to differentiate ourselves from the competition.

Pro tip: If youโ€™re not sure if a lender charges loan origination fees or not, make sure to look over your loan estimate thoroughly before you decide to move forward. By law, these fees must be disclosed in the โ€œLoan Costsโ€ section.

Wondering how Better Mortgage earns money if we donโ€™t charge lender fees? Itโ€™s a question we get a lot, and the one sentence answer is: We make money by selling our loans to investors in the secondary market.

At Better Mortgage, weโ€™ve developed relationships with over 25 of the largest mortgage investors in the world, from large banks to investment funds to government-sponsored entities like Fannie Mae. Most lenders only work with a handful of investors, which limits their ability to find the best buyer.

We then use our technology to match our borrowers with the investors who are most interested in buying their loans (and are therefore willing to pay a good price for them). This, in turn, allows us to offer such low rates to the borrower.

Furthermore, our technology goes beyond our investor-matching algorithm. Weโ€™ve also worked hard to streamline the entire mortgage process, so itโ€™s cheaper for us to make the loan than a traditional lender. On average, our new homebuyers save $8,200 and customers who refinance save $8,200 over the life of their loans.*

Want to learn more? Check out the full article, โ€œHow does Better make money?โ€

  • Who is Better Mortgage?

    Who is Better Mortgage?


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ยฉ 2021 Better Holdco, Inc. and/or its affiliates. Better is a family of companies. Better Mortgage Corporation provides home loans; Better Real Estate, LLC provides real estate services; Better Cover, LLC provides homeowners insurance policies; and Better Settlement Services provides title insurance services. All rights reserved.

Home lending products offered by Better Mortgage Corporation. Better Mortgage Corporation is a direct lender. NMLS #330511. 3 World Trade Center, 175 Greenwich Street, 59th Floor, New York, NY 10007. Loans made or arranged pursuant to a California Finance Lenders Law License. Not available in all states. Equal Housing Lender. NMLS Consumer Access

Better Real Estate, LLC dba BRE, Better Home Services, BRE Services, LLC and Better Real Estate is a licensed real estate brokerage and maintains its corporate headquarters at 3 World Trade Center, 175 Greenwich Street, 59th Floor, New York, NY 10007. A full listing of Better Real Estate, LLCโ€™s license numbers may be found here. Equal Housing Opportunity. All rights reserved.

Better Settlement Services, LLC. 3 World Trade Center, 175 Greenwich Street, 59th Floor, New York, NY 10007

Homeowners insurance policies are offered through Better Cover, LLC, a Pennsylvania Resident Producer Agency. License #881593. 3 World Trade Center, 175 Greenwich Street, 59th Floor, New York, NY 10007

Better Mortgage Corporation, Better Real Estate, LLC, Better Settlement Services, LLC and Better Cover, LLC are separate operating subsidiaries of Better Holdco, Inc. Each company is a separate legal entity operated and managed through its own management and governance structure as required by its state of incorporation, and applicable and legal and regulatory requirements. Products not available in all states.

The Better Home Logo is Registered in the U.S. Patent and Trademark Office

Better Cover is Registered in the U.S. Patent and Trademark Office