Related FAQs
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
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
Learn what documentation you need to apply for a loan with Better Mortgage, and how to get started with a pre-approval. Read more
Learn what documentation you need to apply for a loan with Better Mortgage, and how to get started with a pre-approval. Read more
Prepaid costs are payments made at closing for upcoming line items of your new home loan. They're called "prepaid" costs because you're paying for them before they are technically due. The most common kinds of prepaid costs are homeowners insurance, property taxes, and mortgage interest. These are paid into an escrow account to ensure that you have money to pay your bills when they become due. Read more
Prepaid costs are payments made at closing for upcoming line items of your new home loan. They're called "prepaid" costs because you're paying for them before they are technically due. The most common kinds of prepaid costs are homeowners insurance, property taxes, and mortgage interest. These are paid into an escrow account to ensure that you have money to pay your bills when they become due. Read more