Newfi Launches Shared Appreciation Mortgage, EquityChoice

Newfi Launches Shared Appreciation Mortgage, EquityChoice

Wholesale Non-QM lender Newfi Lending announced EquityChoice, a new type of shared appreciation mortgage. The product comes in response to record-high equity amassed by Americans since the pandemic housing boom. High rates are keeping that equity stored away, as many homeowners are reluctant to tap into it through traditional financing options. EquityChoice gives homeowners access…

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