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IMPORTANT TERMS OF YOUR HOME EQUITY LINE OF CREDIT

Retention of Information: This disclosure contains important information about
your Home Equity Line of Credit. You should read it carefully and keep a copy
for your records.

Availability of Terms: All of the terms described below are subject to change.
If these terms change (other than the ANNUAL PERCENTAGE RATE) and you decide, as
a result, not to enter into an agreement with us, you are entitled to a refund
of any fees that you paid to us or anyone else in connection with your
application.

Security Interest: We will take a security interest in your home. You could lose
your home if you do not meet the obligations in your agreement with us.

Possible Actions: We can terminate your credit line, require you to pay us the
entire outstanding balance in one payment, and charge you certain fees if: (i)
You engage in fraud or material misrepresentation in connection with the line;
(ii) You do not meet the repayment terms; (iii) Your action or inaction
adversely affects the collateral or our rights in the collateral. We can refuse
to make additional extensions of credit or reduce your credit limit if: (i) Any
of the reasons mentioned above exist; (ii) The value of the dwelling securing
the line declines significantly below its appraised value for purposes of this
line; (iii) We reasonably believe you will not be able to meet the repayment
requirements due to a material change in your financial circumstances; (iv) You
are in default of a material obligation in the agreement; (v) Government action
prevents us from imposing the ANNUAL PERCENTAGE RATE provided for or impairs our
security interest such that the value of the interest is less than 120 percent
of the credit line; (vi) A regulatory agency has notified us that continued
advances would constitute an unsafe and unsound practice; (vii) The maximum
ANNUAL PERCENTAGE RATE is reached. The initial agreement permits us to make
certain changes to the terms of the agreement at specified times or upon the
occurrence of specified events.

Minimum Payment Requirements: You can obtain advances of credit for 3 years
(the “Draw Period”). At our option, we may renew or extend the Draw Period. The
Draw Period will be followed by a “Hold Period” of 7 years. During the Hold
Period, you may no longer request advances of credit. Further, during both the
Draw Period and the Hold Period (together, the "Interest Only Period”), your
minimum payment will equal the (i) the greater of $100 or (ii) total of (a) the
periodic finance charges, and other fees, charges and costs including without
limitation, any other expenses or advances incurred by us under the Security
Instrument and (b) accrued but unpaid interest for prior Billing Cycles. The
Interest Only Period will be followed by a “Repayment Period” of 20 years.
During the Repayment Period, if any, your minimum payment will equal 1/240 of
your unpaid Account Balance at the end of the Interest Only Period, plus all
periodic finance charges, and other fees, charges, and costs. All payments will
be due monthly.

• The minimum payment may not be sufficient to fully repay the principal that is
outstanding on your line. If they are not, you will be required to pay the
entire outstanding balance in a single payment.

Minimum Payment Example: If you received an Advance of $50,000 and made only the
minimum monthly payments and took no other credit advances, it would take the
following amount of time to repay this loan. These examples assume a minimum
monthly payment of $100, but your minimum monthly payment may be a different
amount. For a




 1. 5 year Interest Only Period followed by a 10 year Repayment Period, it would
    take 180 months to pay off a credit advance of $50,000 at an ANNUAL
    PERCENTAGE RATE of 10.500%. During that period, you would make 60 monthly
    payments of $437.50 followed by 120 monthly payments of $674.67;
 2. 10 year Interest Only Period followed by a 10 year Repayment Period, it
    would take 240 months to pay off a credit advance of $50,000 at an ANNUAL
    PERCENTAGE RATE of 10.500%. During that period, you would make 120 monthly
    payments of $437.50 followed by 120 monthly payments of $674.67;
 3. 10 year Interest Only Period followed by a 15 year Repayment Period, it
    would take 300 months to pay off a credit advance of $50,000 at an ANNUAL
    PERCENTAGE RATE of 10.500%. During that period, you would make 120 monthly
    payments of $437.50 followed by 180 monthly payments of $552.70;
 4. 10 year Interest Only Period followed by a 20 year Repayment Period, it
    would take 360 months to pay off a credit advance of $50,000 at an ANNUAL
    PERCENTAGE RATE of 10.500%. During that period, you would make 120 monthly
    payments of $437.50 followed by 240 monthly payments of $499.19.

Fees and Charges: To open and maintain a line of credit, you must pay the
following fees to us;




Discount Points: 0 - 5% of loan amount

Appraisal Fee*: $0 - $1380

Credit Report Fee: $68.50 - $137

Flood Determination: $5

Owner & Encumbrance Report: $0 - $115

Settlement Fee: $0 - $475

Deed Preparation*: $55 - $110

Other Title Fees**: $0 - $3000

Transfer Taxes***: 0 - 2% of loan amount

Recording Fee: $100 - $300

*Only if required

**Only applicable to 1st lien HELOCs

***Only applicable in certain states




You also must pay certain fees to third parties. Please note that these fees are
only estimates.

Refundability of Fees: If you withdraw your application for any reason within
three business days of receiving this disclosure and the Home Equity Brochure,
you are entitled to a refund of any fee you may have already paid. If this
disclosure is mailed to you, you are considered to have received the disclosure
three business days after we mailed the disclosures.

Late Payment: Subject to the maximum late payment fee allowable under applicable
state law, payments that are 15 or more days late will incur an additional
charge equal to the greater of 5% of the payment or $20.

Property Insurance: You must carry insurance on the property that secures the
line. If the property is located in a Special Flood Hazard Area we will require
you to obtain flood insurance if it is available. You may select the insurance
company of your choice, provided the company and coverage meet our requirements.

Transaction Requirements: The minimum Initial Advance is 75% of the line amount.
Subsequently, the minimum advance is $1000 or state minimum; Texas is $4000. You
must maintain an outstanding balance of at least $0.

Negative Amortization: Under some circumstances, your payments will not cover
the finance charges that accrue and “negative amortization” will occur. Negative
amortization will increase the amount that you owe us and reduce your equity in
the dwelling.

Tax Deductibility: You should consult a tax advisor regarding the deductibility
of interest and charges for the line.

Other Products: If you ask, we will provide you with information on our other
available home equity lines.

Variable-Rate Information: The Agreement has a variable ANNUAL PERCENTAGE RATE.
The ANNUAL PERCENTAGE RATE and the amount and/or number of Minimum Payment may
change as a result. The ANNUAL PERCENTAGE RATE includes only interest and not
other costs. The Initial ANNUAL PERCENTAGE RATE may be “discounted.” Any
discounted rate is not based on the index and margin used for later rate
adjustments.

The ANNUAL PERCENTAGE RATE is based on the value of an index, and we may add a
margin to the value of the Index. The “Index” is WSJ Daily Prime.

Ask us for the current index value, margin and ANNUAL PERCENTAGE RATE. After you
open a credit line, rate information will be provided on periodic statements
that we will send you.

Rate Changes: The ANNUAL PERCENTAGE RATE may be adjusted on the first day of
each billing cycle (each, a “Change Date”). Each change in the ANNUAL PERCENTAGE
RATE (and the related Daily Periodic Rate) will take effect without prior notice
and will apply to both new Advances and your Account Balance.

The maximum ANNUAL PERCENTAGE RATE that can apply is 18%, subject to state
limitations. The minimum annual percentage rate that will apply is 4%. Except
for this 18% “cap” and this 4% "floor", there is no limit on the amount by which
the rate can increase or decrease during any one-year period.

Maximum Rate and Payment Examples: If you had an outstanding balance of $10,000
during the Interest Only Period, the minimum monthly payment at the
maximum ANNUAL PERCENTAGE RATE of 18% would be $150.00. This annual percentage
rate could be reached during the first month of the Interest Only Period. During
the Repayment Period, the minimum monthly payment at the maximum ANNUAL
PERCENTAGE RATE of 18% would be $180.19 during a 10 year Repayment Period;
$161.04 during a 15 year Repayment Period; and $154.33 during a 20 year
Repayment Period.

Historical Example: The following table shows how the ANNUAL PERCENTAGE RATE and
the minimum monthly payments for a single $10,000 credit advance would have
changed based on changes in the index over the past 15 years. The index values
are from January 1 of each year. While only one payment amount per year is
shown, payments during the Interest Only Period and Repayment Periods would have
varied during each year. The table assumes that no additional credit advances
were taken, that only the minimum payments were made each month, and that the
rate remained constant during each year. It does not necessarily indicate how
the index or your payments will change in the future. We have used the margin
recently. Your margin may be different. The $100 payments reflect the minimum
monthly payment amount. Your minimum payment may be a different amount.






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© 2024 Better Home & Finance Holding Company and/or its affiliates. Better is a
family of companies. Better Mortgage Corporation provides home loans; Better
Real Estate, LLC and Better Real Estate California Inc License # 02164055
provides real estate services; Better Cover, LLC sells insurance products; and
Better Settlement Services provides title insurance services; and Better
Inspect, LLC provides home inspection services. All rights reserved.

Home lending products offered by Better Mortgage Corporation. Better Mortgage
Corporation is a direct lender. NMLS #330511. 53 Beach Street, 3rd Floor, New
York, NY 10013. Loans made or arranged pursuant to a California Finance Lenders
Law License. Not available in all states. Equal Housing Lender. NMLS Consumer
Access

Better Real Estate, LLC dba BRE, Better Home Services, BRE Services, LLC and
Better Real Estate, and operating in the State of California through its wholly
owned subsidiary Better Real Estate California Inc., is a licensed real estate
brokerage and maintains its corporate headquarters at 325-41 Chestnut Street,
Suite 826, Philadelphia, PA 19106. Here is a full listing of Better Real Estate,
LLC’s license numbers. Better Real Estate, LLC provides access to real estate
brokerage services via its nationwide network of partner brokerages and real
estate agents (“Better Real Estate Partner Agents”). Equal Housing Opportunity.
All rights reserved.

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Better Settlement Services, LLC. 325-41 Chestnut Street, Suite 803,
Philadelphia, PA 19106.

Homeowners insurance policies are offered through Better Cover, LLC, a
Pennsylvania Resident Producer Agency. License #881593. 325-41 Chestnut Street,
Suite 807, Philadelphia, PA 19106.

Insurance quotes and policies are offered through Better Cover, LLC. A
Pennsylvania Resident Producer Agency. License #881593. Here is a full listing
of Better Cover, LLC’s license numbers.

Better Inspect, LLC maintains its corporate headquarters at 325-41 Chestnut
Street, Suite 846, Philadelphia, PA 19106.

Better Mortgage Corporation, Better Real Estate, LLC, Better Settlement
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company is a separate legal entity operated and managed through its own
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and applicable and legal and regulatory requirements. Products not available in
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