Better Mortgage gives Amazon employees a new home equity loan option
“For young professionals burdened with student debt and lack of savings, we know how hard it is to buy a home,” said Better CEO Vishal Garg. “This problem is exacerbated when many of the best and fastest growing companies increasingly reward their employees with equity rather than cash. Even though equity is a valuable asset, it is considered ineligible by most banks and financial institutions when calculating the necessary down payment on a home. Today, we are very excited to announce that we have created Equity Unlocker to help Amazon employees unlock their equity, homes, and futures.”
“Better collaborated with AWS and Amazon leaders to find new ways to engage customers in the home-buying journey,” said Chandan Sharma, managing director of worldwide business development, enterprise and industry verticals at Amazon Web Services. “Equity Unlocker was built on AWS to help Better Mortgage reach more customers and extend their buying power. By building Equity Unlocker on AWS, Better Mortgage is able to innovate continuously and improve the user experience while continuing to provide best-in-class service to their customers.”
Better Mortgage plans to expand the Equity Unlocker program to Amazon employees in more states in Q2 of 2023, including Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Georgia, Indiana, Iowa, Kansas, Kentucky, Massachusetts, Minnesota, Nebraska, New Hampshire, New Jersey, New Mexico, North Carolina, Oklahoma, Oregon, Pennsylvania, South Carolina, Virginia, West Virginia, Wisconsin, and Wyoming. Ultimately, the company intends to make Equity Unlocker available nationwide to employees of other public and private companies in the future.
Want to make your inbox flourish with mortgage-focused news content? Get exclusive interviews, breaking news, industry events in your inbox, and always be the first to know by subscribing to our FREE daily newsletter.