Frequently asked questions

What is the most lender credit Better Mortgage offers customers?

Lender credits can be used to reduce the closing costs of a loan. In exchange for lender credits, borrowers accept a higher interest rate on their mortgage. At Better Mortgage, the lender credit limit for conforming loans is $5,000. For jumbo loans, there is no lender credit limit. To understand how lender credits could impact your mortgage costs, get pre-approved.