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The fine print

Here’s how we calculate the numbers and other details you may see in our communication. Β  Β 

Better Mortgage saves purchase customers $8,200 on average over the life of a loan. (2020-2021)

Disclaimer: The average lifetime savings estimate is based on a comparison of the Freddie Mac Primary Mortgage Market Survey’s (PMMS) 30-year fixed-rate mortgage product with Better Mortgage’s own offered rate for a comparable mortgage product between Jan β€˜20 - Dec β€˜20. PMMS is based on conventional, conforming fully-amortizing home purchase loans for borrowers with a loan-to-value of 80 percent and with excellent credit. Better Mortgage’s offered rate is based on pricing output for a 30-year fixed-rate mortgage product with a 30-day lock period for a single-family, owner-occupied residential property and a borrower with excellent (760 FICO) credit and a loan-to-value ratio of 80 percent. Individual savings could vary based on current market rates, property type, loan amount, loan-to-value, credit score, debt-to-income ratio and other variables.

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Better Mortgage saves refinance customers $8,200 a year on average in loan payments.(2020-2021)

Disclaimer: The average yearly payment savings estimate is based on a comparison of our borrowers’ principal and interest payments on their prior mortgage and the principal and interest payments on their new loan from Better Mortgage. The yearly payment savings is an average of the difference between those two monthly payments across all refinance customers between Jan’20 and Dec’20, multiplied by 12 (savings are incurred each month in a year). Individual savings could vary based on current market rates, property type, loan amount, loan-to-value, credit score, debt-to-income ratio and other variables.

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Better Mortgage saves purchase customers $18,900 on average over the life of a loan. (2018-2020)

Disclaimer: The average lifetime savings estimate is based on a comparison of the average interest rate offered by Better to prospective borrowers for a $347,174 30-yr mortgage against the Mortgage Bankers Association index from Jan'18 to Oct'20. Individual savings could vary based on current market rates, property type, loan amount, loan-to-value, credit score, debt-to-income ratio and other variables.

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Better Mortgage saves refinance customers $8,000 a year on average in loan payments. (2018-2020)

Disclaimer: The average yearly payment savings estimate is based on Better borrowers who refinanced their mortgage between Mar'19 and Oct'20. The savings calculation is derived by taking the monthly principal and interest payment of the borrower's previous mortgage and subtracting the total payment on their new mortgage from Better. Individual savings could vary based on current market rates, property type, loan almount, loan-to-value, credit score, debt-to-income ratio and other variables.

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Average closing time for Better Mortgage is 10 days faster than the industry average.

Disclaimer: Better Mortgage's average closing time from January 2019 to May 2020 was 32 days. According to Fannie Mae, the current industry average closing time is 42 days. See source data

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Better Mortgage will save clients who refinanced in 2020 $355,198,860+ a year in loan payments.

Disclaimer: Annual savings in loan payments for each loan are calculated as the monthly principal and interest payment of the borrower’s prior mortgage less the monthly principal and interest payment on their new loan from Better Mortgage, multiplied by 12 (savings are incurred each month in a year). Individual savings could vary based on current market rates, property type, loan amount, loan-to-value, credit score, debt-to-income ratio and other variables.

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Β© 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 is a Virginia Licensed Real Estate Firm with its principal office located at 312-F East Market St., Leesburg, VA 20176. License #0266029484. Equal Housing Opportunity

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