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-0.000218695460139484 -8.57629255447163E-06 -0.000218695460139484 -4.28814627723582E-06 -0.00248283669452533 -0.00665091487600814 -0.0139407635473261 -0.0202657793062637
Stock impact report

Aven home equity review: earn 2% cashback while tapping into your home equity [CNBC]

Rocket Companies, Inc. Class A (RKT) 
Company Research Source: CNBC
Aven , founded in 2019, offers a lineup of niche home equity-backed credit card financing products. The Bay Area-based fintech company also boasts a product called “Aven Home Equity Cash,” a more traditional home equity line of credit (HELOC). With this product, borrowers open a HELOC as they would with any other lender, but unlike most other lenders, the full line of credit is accessible through a credit card. Customers who use the card to pay earn 2% cashback. Unlike most lenders, if you want to get cash out with the card, there is a draw-to-bank fee of 2.5%. Here at CNBC Select, we like Aven 's innovative funding method. We also like that it has a lowest rate guarantee, with a $250 promise if borrowers are quoted a higher rate at another company. However, Aven can be a bit exclusive. It's 100% virtual, which could be a dealbreaker for some borrowers, and it is known to favor applicants with higher-than-average credit scores and financial backgrounds, which may make other l Show less Read more
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