Related FAQs
Better Mortgage provides conventional loans for second homes, vacation homes, or investment properties. Learn whatâs the difference and how to qualify. Read more
Better Mortgage provides conventional loans for second homes, vacation homes, or investment properties. Learn whatâs the difference and how to qualify. 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
Learn how mortgage lenders use qualifying ratios like the 28/36 rule to evaluate your housing costs and debt-to-income ratio when applying for a loan. Read more
Learn how mortgage lenders use qualifying ratios like the 28/36 rule to evaluate your housing costs and debt-to-income ratio when applying for a loan. Read more