You can evaluate a fintech’s home equity offerings by comparing interest rates, terms, and any additional perks.
If you’re in the market for a home equity product such as a home equity loan or home equity line of credit (HELOC), you may turn to your bank or credit union. However, a growing number of fintech companies are also offering these products.
A fintech, or financial technology company, operates primarily online and uses advanced technology that enables a digitized lending process. As a result, fintechs can often offer a faster approval process and potentially better terms for the loans.
Learn more about how home equity products work and how to evaluate a fintech’s home equity offerings.
- A fintech company, or financial technology company, operates primarily online and uses advanced technology for underwriting.
- Fintechs are increasingly offering home equity products like loans, lines of credit, or shared-appreciation arrangements.
- Home equity products use your home equity as collateral for a loan or revolving line of…