Better Launches Home Equity Loans: Offers Flexible Solutions to Homeowners Interested in Accessing Home Equity as Cash
23 4월 2024 - 10:00PM
Business Wire
Adding onto their digital home equity product
suite, Better Mortgage will now offer Better Home Equity Loans
which allows homeowners to access up to 90% of their home equity
with a fixed APR
Better Home & Finance Holding Company (NASDAQ: BETR), the
leading digital homeownership company, today announces the launch
of Better Home Equity Loan, the latest addition to its suite of
digital home equity products including a cash-out refinance and
HELOC. The addition of this fully digital offering enables
qualified homebuyers to access up to 90% of their home equity as
cash at a fixed annual percentage rate (APR) in a total of 30
states to date, with the remaining states being on-boarded to the
program.
In today’s volatile interest rate environment, Better Mortgage’s
Home Equity Loan product empowers US homeowners with an additional
option to choose a home equity product that fits their financial
needs. The Better Home Equity Loan may allow for more
predictability, flexibility and stability in homeowners financing
options by tapping into their home equity with a fixed interest
rate. With a robust suite of digital mortgage and home equity
products, this launch supports Better’s customers with tailored
homeownership solutions that meet the needs of their specific
financial goals.
“Across market cycles, access to home financing is not a
one-size-fits-all approach,” said Vishal Garg, CEO & Founder of
Better. “Every Better customer has their own unique path to upward
financial mobility. With this launch, Better is equipping
hardworking homebuyers with the ability to tap into their home
equity to invest in their future at interest rates which are far
lower than those of credit cards and personal installment loans.
We’re proud to continue delivering flexible financing solutions
that make homeownership faster, cheaper and easier for our
customers.”
In March 2024, Better launched its One Day Home Equity Line of
Credit (HELOC)™ product, offering its customers who complete their
tasks within 4 hours of locking their HELOC rate an approval*
decision for funding within 24 hours. Better Home Equity Loan
represents the next step to unlocking the next chapter of growth
for Better with its growing suite of digital home equity product
solutions.
With Better Home Equity Loan, Better Mortgage will lend on
primary, secondary and investment properties with 10, 15, 20 or 30
year loan terms available. Borrowers in AL, CA, CO, CT, FL, GA, HI,
IA, ID, IN, KS, MA, MD, MI, NC, ND, NJ, NY, OK, OR, PA, SC, SD, UT,
VA, VT, WA, WI, WV can currently access up to 90% of their home
equity with fixed interest and principal payments. Better Mortgage
anticipates offering Better Home Equity loans in all 50 states as
they meet licensing requirements. To apply, please visit:
https://better.com/b/home-equity.
* Better Mortgage’s One Day HELOC promotion offers qualified
customers who provide certain required financial
information/documentation to Better Mortgage within 4 hours of
locking a rate on a HELOC loan the opportunity to receive an
underwriting determination from Better Mortgage within 24 hours of
their rate lock. The underwriting determination is subject to
customary terms, including fraud and anti-money laundering checks,
that take place pre-closing and which may trigger additional
required documentation from the customer. Better Mortgage does not
guarantee that initial underwriting approval will result in final
underwriting approval. See One Day Heloc Terms and Conditions.
About Better Home & Finance Holding Company
Since 2016, Better Home & Finance Holding Company (NASDAQ:
BETR) has leveraged its industry-leading technology platform,
Tinman™, to fund more than $100 billion in mortgage volume. Tinman™
allows customers to see their rate options in seconds, get
pre-approved in minutes, lock in rates and close their loan in as
little as three weeks. Better’s mortgage offerings include
GSE-conforming mortgage loans, FHA and VA loans, and jumbo mortgage
loans. Better launched its “One-Day Mortgage” program in January
2023, which allows eligible customers to “go from click to
Commitment Letter” all within 24 hours. From 2019-2022, Better
completed approximately $98 billion in mortgage volume and $39
billion in coverage written through its insurance arm, Better
Cover. Better Mortgage was named Best Online Mortgage Lender by
Forbes and Best Mortgage Lender for Affordability by WSJ in 2023,
and ranked #1 on LinkedIn’s Top Startups List for 2021 and 2020, #1
on Fortune’s Best Small and Medium Workplaces in New York, #15 on
CNBC’s Disruptor 50 2020 list, and was listed on Forbes FinTech 50
for 2020. Better serves customers in all 50 US states and the
United Kingdom.
For more information, follow @betterdotcom.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240423006982/en/
Nneka Etoniru better@bevelpr.com
Better Home and Finance (NASDAQ:BETR)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
Better Home and Finance (NASDAQ:BETR)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024