Shared Equity Mortgage

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 to cash with a below-market fixed interest rate, and shares in a portion of their future home appreciation. Company leaders say homeowners don’t need to factor in additional monthly payments or worry about soaring rates when considering using the equity in their homes. “Newfi has created a groundbreaking new offering that meets homeowner needs for liquidity by combining the benefits of home equity sharing options…