Primary residence: What it means and how it affects loans

In light of the COVID-19 outbreak, Better Mortgage is offering loan forbearance, waiving late and overdraft fees for loans in forbearance, and suspending foreclosures for all clients whose loans we service. We’re also suspending negative credit reporting for borrowers in a forbearance plan consistent with Fannie Mae guidelines. For more information on the Better response to COVID-19, check out our COVID-19 newsroom. Read more

Learn what negative amortization is, how it increases your loan balance over time, and the financial consequences of unpaid interest on your mortgage. Read more

Learn what LTV, CLTV, and HCLTV mean, and what impacts the maximum amount you can cash out when you refinance. Read more