Related FAQs
Learn whether adding a co-borrower to your refinance application is the right call for you. Read more
Learn whether adding a co-borrower to your refinance application is the right call for you. Read more
This 3-page form provides you with important information, including the estimated interest rate, monthly payment, and closing costs of your loan. It’s a standard form that all lenders are required by law to provide you within three business days of submitting your application. A Loan Estimate is important for comparing pricing across lenders, and because this document commits a lender to certain fee tolerances it reduces the risk of a bait-and-switch offer. Read more
This 3-page form provides you with important information, including the estimated interest rate, monthly payment, and closing costs of your loan. It’s a standard form that all lenders are required by law to provide you within three business days of submitting your application. A Loan Estimate is important for comparing pricing across lenders, and because this document commits a lender to certain fee tolerances it reduces the risk of a bait-and-switch offer. Read more
A conventional mortgage (also known as a non-FHA loan) is a type of home loan that is not insured or guaranteed by the federal government. Instead, it's backed by a private lender—such as Better Mortgage. Conventional loans are the most common type of home loan, making up nearly three quarters of home loans. If you apply for a conventional loan with less than a 20% down payment, you'll be required to pay for private mortgage insurance (PMI). Read more
A conventional mortgage (also known as a non-FHA loan) is a type of home loan that is not insured or guaranteed by the federal government. Instead, it's backed by a private lender—such as Better Mortgage. Conventional loans are the most common type of home loan, making up nearly three quarters of home loans. If you apply for a conventional loan with less than a 20% down payment, you'll be required to pay for private mortgage insurance (PMI). Read more