Why Better.com has waves of layoff? While people keep buying houses or refinacing like crazy
Apr 10
13 Comments
Tons of people have been buying houses like theres no tomorrow and refinancing. And people keep sayinh house only go up up up. So people need mortgage. Then why better.com still lay off
Better Mortgage: Simple, Online Mortgage
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I refinanced with them and it took 2 months. No buyer will wait that long. When I was buying, my bank was able to close in 20-25 days.
On the refinance side, there is literally a limited number of people left in the entirety of the United States population that would even have the ability to refinance their mortgage for a better rate. Just imagine what will happen when rates reach 6 percent or worse. The market for debt consolidation and cash-outs is way smaller than regular term refinances.
Also, Better has just made some terrible decisions lately.
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Flagged by the community.