Frequently Asked Questions – FAQ’s
As with any new idea, we all have questions about how things work; who does what, how does this work, what does this mean, and so on. We dedicated this page to answering the most common questions that we receive. If you have a question that you would like answered that is not already answered on our website, please submit your question here: Contact Us → Questions
What is a socially responsible
mortgage or a charity mortgage?
What is a socially responsible mortgage company?
Are all Better World Mortgage members Socially Responsible
Mortgage Companies?
Is the broker charging me more to cover the cost of the
donation to charity?
If I use a Better World Mortgage™ broker, will I get a good
rate?
How do I know that the money will go to the charity?
What if my charity isn’t listed on this site?
What kind of mortgages and loans can the member brokers
do?
I like the idea, so how do I find a Better World Mortgage™
Broker?
What is a socially responsible mortgage or a charity mortgage?
Socially responsible mortgages and charity mortgages are the same thing – they are home mortgages, refinanced mortgages, home construction loans, etc., in which a significant donation is made to a social services program or a recognized charity by the mortgage broker or lender as part of the financial transaction.
What is a socially responsible mortgage company?
A socially responsible mortgage company is a mortgage brokerage or company that donates to charity as a standard practice and part of every loan they help fund. Some socially responsible mortgage companies donate a fixed amount to charity for every loan they help a borrower fund. Typically, this donation is about $50 - $100. Still others prefer to donate a percentage of their income. Again, typically, 1% of the commission is considered generous. Our member brokers promise to donate 10% (ten percent) of their gross commissions to the borrower's favorite charity.
Are all Better World Mortgage™ members Socially Responsible Mortgage Companies?
No. Some are socially responsible mortgage brokers with 100% of their customers, and some are not. However, all of our members promise and agree to donate 10% of their personal commissions to charity from every mortgage that is referred from this Better World Mortgage™ website.
Is the broker charging me more to cover the cost of the donation to charity?
No, the broker will not charge you more. It is important to know that all member brokers sign a our promise stating that they will deal honorably, ethically and honestly with all referrals and that they will not charge in excess of their standard and usual rates and fees to cover or “make up” the amount donated to your charity of choice. You can read all about our socially responsible mortgage broker's membership promise here: Our Broker’s Promise
If I use a Better World Mortgage™ broker, will I get a good rate?
Every home loan mortgage broker who becomes a member of our Better World Mortgage™ referral network promises to give you the very best rate that they can find for you - just exactly the same way they would if they were your friend.
How do I know that the money will go to the charity?
The donation will be given directly to you from your Better World Mortgage™ broker so that you can give the check to the charity directly and get your full tax deduction credit. You will have 100% control over which charity gets the donation.
What if my charity isn’t listed on this site?
No problem. Our listing is merely a representation of all the thousands of possible charities that your broker could donate to. You control where the donation gets made, so the choice is up to you!
What kind of mortgages and loans can the member brokers do?
Typically, different mortgage brokers specialize in different types of mortgage loans. Some focus on new home loans and refinancing existing home loans, while some focus on commercial loans, or new home construction loans. We’ll help you find the right kind of mortgage broker for your need.
I like the idea, and I want a Better World Mortgage™ Broker - now what do I do?
To work with one of our socially responsible mortgage brokers and have your broker donate to your favorite charity, just go here: Quickie Loan Form and fill out the quick, 2 minute form for a full 10% donation!