NEW YORK – (BUSINESS WIRE) – July 14, 2021–
Better, one of the fastest growing digital homeowners in the United States, today announced the launch of Better Appraisal Guarantee, enabling mortgage applicants and buyers potentials to forgo their evaluation contingencies and compete more effectively with cash offers. Qualified buyers who apply for a mortgage to purchase a home can lock in their terms online in about 15 minutes or less, and the best appraisal guarantee means Better will finance the mortgage on the original terms – y including down payment, APR and monthly payment – regardless of the final appraised value of the home. This is a key benefit, given that nearly one in five successful deals in the past few months have waived the possibility of a review, according to Motley Fool.
“Better’s mission is to make homeownership more accessible. Traditional valuation policies and practices deter minorities, LGBTQ communities and others from buying homes and creating wealth for them- themselves and their families, ”said Founder and CEO Vishal Garg. “We’re doing this because it’s exactly the right thing for our customers to do. With a better review guarantee, customers can bid with confidence, allowing them to forgo a review eventuality to strengthen their offer without overpaying. “
Best Valuation Guarantee leverages the company’s experience funding over $ 30.9 billion in home loans and their unique real estate agent and investor matchmaking platforms to deliver speed, certainty and savings to customers in one of life’s most important financial transactions.
The technology behind the warranty allows Better to assess where that value is likely to be measured against the purchase price. The best valuation guarantee gives consumers the assurance of the financial impact their valuation will have on their financing costs and the down payment required. The appraisal guarantee is available to clients who work with both Better Mortgage and Better Real Estate.
Better has real estate agents and non-commissioned mortgage consultants available 24 hours a day, 7 days a week, through Better Real Estate (BRE), on hand for end-to-end real estate services and agent and agent support. customers throughout their home buying journey. The best valuation guarantee is valid in all markets with a Better real estate agent and where Better Mortgage is licensed to do business. Not available in Hawaii, Nevada, and Massachusetts. Transactions must be for an owner-occupied primary residence and an agency-compliant mortgage of less than $ 822,375 with a down payment of at least 10%.
Founded in 2016, Better is a digitally-focused homeownership company whose services included mortgage, real estate, title and home insurance. From its inception in 2016 through 2020, Better funded $ 30.9 billion in home loans and provided more than $ 7 billion in cumulative coverage through Better Cover and Better Settlement Services, the insurance divisions of Better. Better has raised over $ 400 million in equity since its inception. The company was ranked # 15 on CNBC’s 2020 Disruptor 50 list, as well as on Forbes FinTech 50 for 2020. For more information, follow @betterdotcom.
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CONTACT: Tanya Gillogley
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: CONSTRUCTION & REAL ESTATE SOFTWARE FINANCE BANKING DATA MANAGEMENT PROFESSIONAL SERVICES RESIDENTIAL TECHNOLOGY BUILDING & REAL ESTATE
Copyright Business Wire 2021.
PUB: 07/14/2021 7:00 a.m. / DISC: 07/14/21 7:02 a.m.
Copyright Business Wire 2021.