STOCK TITAN

Better Launches Home Equity Loans: Offers Flexible Solutions to Homeowners Interested in Accessing Home Equity as Cash

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Better Mortgage, under Better Home & Finance Holding Company (NASDAQ: BETR), launches Better Home Equity Loans, providing homeowners with access to up to 90% of their home equity at a fixed APR. The digital offering is available in 30 states currently, with plans to expand nationwide. This new product aims to offer predictability, flexibility, and stability to US homeowners looking for financial solutions tailored to their needs.
Better Mortgage, sotto Better Home & Finance Holding Company (NASDAQ: BETR), lancia i prestiti su capitale immobiliare Better Home Equity Loans, offrendo agli proprietari di casa l'accesso fino al 90% del capitale immobiliare a un APR fisso. L'offerta digitale è attualmente disponibile in 30 stati, con piani di espansione su tutto il territorio nazionale. Questo nuovo prodotto mira a offrire prevedibilità, flessibilità e stabilità agli proprietari di casa negli Stati Uniti che cercano soluzioni finanziarie personalizzate per le loro esigenze.
Better Mortgage, bajo Better Home & Finance Holding Company (NASDAQ: BETR), lanza los préstamos sobre el capital inmobiliario Better Home Equity Loans, proporcionando a los propietarios acceso hasta el 90% de la equidad de su vivienda con una APR fija. Esta oferta digital está disponible actualmente en 30 estados, con planes de expansión a nivel nacional. Este nuevo producto tiene como objetivo ofrecer previsibilidad, flexibilidad y estabilidad a los propietarios de viviendas en Estados Unidos que buscan soluciones financieras adaptadas a sus necesidades.
Better Home & Finance Holding Company (NASDAQ: BETR)의 자회사인 Better Mortgage가 Better Home Equity Loans를 출시하여 주택 소유자들이 자신의 주택 자본의 최대 90%까지 고정된 연간 이자율(APR)로 접근할 수 있게 해줍니다. 이 디지털 제품은 현재 30개 주에서 이용 가능하며, 전국적으로 확대될 계획입니다. 이 새로운 제품은 미국 주택 소유자들이 그들의 필요에 맞춘 금융 해결책을 찾는 것에 예측 가능성, 유연성, 그리고 안정성을 제공하고자 합니다.
Better Mortgage, sous l'égide de Better Home & Finance Holding Company (NASDAQ: BETR), lance les prêts hypothécaires Better Home Equity Loans, offrant aux propriétaires l'accès jusqu'à 90% de la valeur nette de leur domicile à un APR fixe. L'offre numérique est actuellement disponible dans 30 états, avec des plans pour une expansion à l'échelle nationale. Ce nouveau produit vise à offrir prévisibilité, flexibilité et stabilité aux propriétaires américains à la recherche de solutions financières adaptées à leurs besoins.
Better Mortgage, eine Tochtergesellschaft von Better Home & Finance Holding Company (NASDAQ: BETR), bringt Better Home Equity Loans auf den Markt, die es Hausbesitzern ermöglichen, Zugang zu bis zu 90% ihres Eigenkapitals zu einem festen APR zu erhalten. Das digitale Angebot ist derzeit in 30 Staaten verfügbar, mit Plänen für eine landesweite Expansion. Dieses neue Produkt zielt darauf ab, US-Hausbesitzern, die nach maßgeschneiderten finanziellen Lösungen suchen, Vorhersehbarkeit, Flexibilität und Stabilität zu bieten.
Positive
  • None.
Negative
  • None.

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

NEW YORK--(BUSINESS WIRE)-- 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.

Nneka Etoniru

better@bevelpr.com

Source: Better Home & Finance Holding Company

FAQ

What is the latest offering launched by Better Mortgage under Better Home & Finance Holding Company (NASDAQ: BETR)?

Better Mortgage has launched Better Home Equity Loans, allowing homeowners to access up to 90% of their home equity with a fixed APR.

How many states is the new Better Home Equity Loan product currently available in?

The Better Home Equity Loan is available in 30 states, with plans to onboard the remaining states.

What benefits do US homeowners get from the Better Home Equity Loan?

Homeowners gain predictability, flexibility, and stability in their financing options by accessing up to 90% of their home equity with a fixed interest rate.

Who is the CEO and Founder of Better?

Vishal Garg is the CEO and Founder of Better.

Where can homeowners apply for the Better Home Equity Loan?

Homeowners can apply for the Better Home Equity Loan at https://better.com/b/home-equity.

Better Home & Finance Holding Company

NASDAQ:BETR

BETR Rankings

BETR Latest News

BETR Stock Data

153.47M
12.89M
14.84%
50.21%
0.99%
Mortgage Finance
Loan Brokers
Link
United States of America
NEW YORK