Mortgage Facts
The federal county loan limit.
What is $548,250.
The minimum credit score we require.
What is 620?
Help! I am having difficulty checking my credit...
-is it frozen with Experian
-have you tried your middle initial
-checked for multiple applications
-updated address
A verified clients chat profile
Green check emoji
The app written comms lives on
Front!
A jumbo loan
A loan that goes over the county loan limit
-non-conforming
The minimum loan amount for a primary residence.
What is $75,000
The tinman trick to help find a suspension
What is searching Reason in Facts
We do this after we originate a loan.
Sell it on the secondary market
A non-mortgage related Guru Card
Are birds real?
Who painted the Mona Lisa?
Is Keanu Reeves immortal?
The minimum down payment
What is 5%
The credit reporting agency we use for the hard credit pull
What is Transunion, Equifax, and Experian
Bwr: It's saying I need to pay off my debts?
What is: DTI is above 50%, this can include the future mortgage payments
The mortgagee clause can be found here
Find it on Guru!
Better has so many fun channels on Slack! Share your fave for points!
ex: better-bloopers, better-kitchen, big-trader-joes fans
The loan to value ratio for a purchase of a single unit investment property
What is 75%
Bwr: Do you offer loans on mobile homes?
Currently, at this time we do not offer loans on mobile homes. We hope to be expanding this soon!
In TM: LTV is at 85%, bwr is looking to do a cash out refi on a single unit investment property
What is bwr needs to decrease their LTV to 75%?
The "Other Payments" view in the client summary page
PITI (principle interest taxes and insurance) should match the monthly payments for the rate selected
Your favorite perk as an employee.
Dash Pass, Sharebite, Aptive, Flexible PTO..
The waiting period for a Chapter 13 Bankruptcy
What is 2 years from discharge date and 4 years from dismissal date?
Bwr: Can you please send me a copy of my credit report?
Us: We are unable to send a copy of this to you directly, but if you reach out to the credit reporting agencies directly, they will be able to provide a copy.
In TM: bwr is applying for a jumbo loan, they are not a first time home buyer, their DTI is below 50%(only 2 tradelines present) and their LTV is 75%
What is a bwr needs 3 trade lines to qualify for a jumbo loan?
The Better employee discount
$2000 discount!
The spinning circle when pages load used to be this animal.
A pig! (piggy bank)