With home equity products soaring in popularity, Figure Technology launched its Piggyback HELOC platform nationwide. The Piggyback HELOC is designed to provide homebuyers with easy access to lower down payments while avoiding the cost of mortgage insurance or high jumbo loan rates. A piggyback loan is a secondary loan that buyers borrow in addition to…
Both Movement Mortgage and Homepoint introduced new, speed-focused home equity products as homeowners continue to seek out ways to access cash without compromising their mortgage rates. Homepoint, a wholesale lender, launched a new, 100% digital HELOC in 38 states and Washington, D.C., available through its mortgage broker partners. The company said it will expand to…
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