Business
Better Mortgage Launches One Day HELOC™: Offers Fast Solution to Home Equity Access for Customers
One Day HELOC grants customers approval* decisions in just 24 hours to offer fast and convenient solutions for American homeowners to access home equity NEW
About this update from Better Home & Finance Holding Company
[{"type":"text","content":"\nOne Day HELOC grants customers approval* decisions in just 24 hours to offer fast and convenient solutions for American homeowners to access home equity\n\n\n NEW YORK--(BUSINESS WIRE)--\nBetter Home & Finance Holding Company (NASDAQ: BETR), a leading digital homeownership company, today announced the launch of One Day HELOC (Home Equity Line of Credit) which will provide approval* decisions to consumers within 24 hours of locking their rate.\n\n\nSpeed matters when it comes to customers accessing funds from their home equity — especially as they look to renovate their properties, consolidate debt, or fund a major expense. One-Day HELOC will offer the speed and convenience that customers get from personal loans typically at a lower interest rate.\n\n\nBuilding on the success of the One Day Mortgage™, program, which has made it possible for homebuyers to receive a Commitment Letter from Better Mortgage within a 24-hour turnaround time, One Day HELOC will give homeowners who complete their tasks within 4 hours of locking their HELOC rate an approval* decision within 24 hours.\n\n\n“Whether our customers are interested in investing money into their home with renovations or they want to pay for their children's college tuition at a lower rate than most personal loans, we understand their need to access home equity,” said Vishal Garg, CEO of Better “Speed, convenience and flexibility is at the top of their priority list when they’re ready to tap into the home equity they’ve worked so hard to build. One Day HELOC streamlines the process for customers, providing them with financial flexibility and convenience like never before.”\n\n\nIn today’s fast-paced world, accessing home equity shouldn't be a cumbersome process. The One Day HELOC will empower its customers with the financial tools they need to seize opportunities and achieve their homeownership goals with optimum efficiency. To apply, please visit https://better.com/heloc.\n\n\n*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-mon...