A former Morgan Stanley analyst got burned and decided to change that outcome. The story goes that he had made an offer to buy a home, and he was outbid by an all-cash offer. The problem he encountered was the lengthy time required to get his loan documents completed. With his down payment money still in the bank, he decided to create Better. The Better platform he designed removes all the wasted paper and time needed with conventional mortgages. It’s all done online and cuts the mortgage time to about three weeks. Better reports it exceeded $24 billion in loans last year, making home ownership easier certainly better.
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