New program promises homeowners big savings on future loans
Better Home & Finance Holding Company, doing business as Better.com, has introduced the Better Forever program, a loyalty initiative that offers customers waived origination fees on future refinance or purchase loans funded through Better Mortgage.
According to a news release, the program automatically enrolls customers who have funded a loan with Better Mortgage on or after Jan. 1, 2019. In addition, customers purchasing a new home will also benefit from the waived origination fee under the Better Forever program. Better.com anticipates that a more favorable interest rate environment later this year will enable customers to maximize lifetime savings.
“We are proud to continue delivering on our promise of being a digitally-native homeownership company that remains customer-first – especially at a timely moment for consumers across the country,” said Vishal Garg, CEO and founder of Better. “Homeowners deserve to feel confident in the interest rate tied to their mortgage for the life of their loan, not just when they complete their transaction. With Better Forever, we can help borrowers begin benefitting from their purchase or refinance today, without the fear of missing out on a better rate tomorrow.”
Customers who meet eligibility requirements can take advantage of the program when refinancing a loan originally secured with Better Mortgage for the same property and under the same name, or when purchasing a new home after securing a loan with Better Mortgage. Certain loan products, including future second liens, home equity loans, loans secured through third-party platforms, and refinances within six months of a customer’s last funded loan, are not eligible for the program.
Since its founding in 2017, Better Home & Finance Holding Company has utilized its technology platform, Tinman, to fund over $100 billion in mortgage volume. Better Mortgage offers a range of products, including GSE-conforming mortgage loans, FHA and VA loans, and jumbo loans.
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