What is a prepayment penalty, and how can you avoid it?

Learn what an adjustable rate mortgage is, how a fixed intro period leads to later resets, 5/1 examples, pros and risks, and how preapproval works today. Read more

Discover if Better Mortgage charges prepayment penalties on refinance loans. Learn how Better structures them & where to find details on fees before closing. Read more

Is escrow required for a mortgage? Understand when escrow accounts are optional, how they work, & why choosing one could help you secure a better mortgage rate. Read more