Digital lender Better.com launches one-day HELOC product [Yahoo! Finance]
Better Home & Finance Holding Company - Class A (BETR)
Last better home & finance holding company - class a earnings: 11/7 04:05 pm
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Source: Yahoo! Finance
Better launched its first HELOC product about a year ago. The One Day HELOC product is the latest upgraded version as the New York-headquartered lender looks to ramp up speed for customers seeking to access home equity funds. “When we talk about the alternatives to a HELOC, consumers are frequently taking out credit cards or personal installment loans, and both of those products are expensive for anyone who has home equity … yet people still take those out, even though they have home equity, because they're fast,” Better CEO Vishal Garg said in an interview with HousingWire “So, we said, what if we could do a HELOC at the same time that it takes you to get a personal installment loan or a credit card?” Getting an approval decision for a HELOC generally takes about three to five days through a digital lender but multiple weeks from banks, Garg noted. Qualified homeowners must provide required documents — including pay stubs, W-2 forms, mortgage statements and bank statements —
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- Better Home & Finance Holding Company to Announce First Quarter 2024 Results on May 14, 2024Business Wire
- Better Launches Home Equity Loans: Offers Flexible Solutions to Homeowners Interested in Accessing Home Equity as CashBusiness Wire
- Better Home & Finance Holding Company Announces Fourth Quarter and Full Year 2023 ResultsBusiness Wire
- Better Mortgage Launches One Day HELOC™: Offers Fast Solution to Home Equity Access for CustomersBusiness Wire
- Better Home & Finance Holding Company to Announce Fourth Quarter and Full Year 2023 Results on March 28, 2024Business Wire