Better Launches “Equity Unlocker” For Amazon Employees

Better.com has launched a new product for employees with vested equity in their companies. The program, Equity Unlocker, is designed for potential buyers who work and have vested equity they cannot access. It is currently just available for Amazon employees in Florida, New York, and Washington state, but Better is planning to extend it to 26 more states in Q2 2023. Equity Unlockers allows these buyers to finance their homes without selling their shares. Instead, they can pledge their shares rather than sell them in order to afford a home. Amazon shares will be valued at the same time as a home appraisal. The rate and term will then be locked on Better.com. It is non-mark-to-market and non-recourse, so the…