Guaranteed price launches end-to-end digital HELOC with fixed interest rates to take advantage of growing home equity across the nation
New offer part of the company’s fast growing Fintech product suite
CHICAGO, July 11, 2022 / PRNewswire / – Guaranteed Rate, a pioneering mortgage player driven to be the country’s best Fintech, is proud to announce the launch of the new Home Equity Line of Credit (HELOC) in 41 states and Washington DC This innovative new product is 100% digital from application to completion, with an application taking only 5 to 10 minutes to complete and approval coming in an instant.
American homeowners received as much as 35% in equity in 2021, which resulted in more and more homeowners choosing to use the value of the home to pay down high-interest debt or finance home improvement projects without affecting the home’s low mortgage rate. Guaranteed Rate’s new fixed rate HELOC is designed to help them access this value quickly and easily through an end-to-end digital platform.
“Guaranteed Rate is helping to become the nation’s best Fintech to help customers, and our ultra-fast and convenient end-to-end Fintech HELOC product is just one example of how we do it,” said Guaranteed Rate President and CEO Victor Ciardelli. “Our HELOC is set up to give the customer an application they can complete in minutes, and they will receive their money in a matter of days. There is no one involved at all – our technology does all the work.”
Guaranteed Rate’s new end-to-end digital HELOC offers customers a fixed interest rate and a fixed term of up to 30 years, and customers can later deduct the credit limit for a period of 2 to 5 years, depending on the chosen term, at current market rates. In addition, traditional HELOCs from a bank can take as long as 45 to 60 days to fund, while Guaranteed Rate’s new HELOC funds can be funded in just 5 days. Best of all, Guaranteed Rate’s new end-to-end digital HELOC does not require any prior money from the customer (any fees are included in the loan amount).
“We believe that our fixed-price, end-to-end digital HELOC is the best product of its kind on the market,” said Raman Muralidharan, Guaranteed Rate’s president for New Financial Products. “Not only does it beat traditional HELOCs by offering a fixed rate, but it also takes much less time to apply and finances much faster than other HELOCs.”
Because interest rates have risen significantly, more and more homeowners who need cash will turn to HELOCs as a smart and affordable option. “By offering our customers a HELOC option with a fixed price along with an ability to draw, when and when needed, from the comfort of home digitally, Guaranteed Rate meets some important customer needs,” said Arun TripathiHead of new secured loans at guaranteed interest rates.
To learn more about the guaranteed price new HELOC, visit rate.com/heloc.
About companies with a guaranteed price
Guaranteed Rate Companies are leaders in mortgage and digital financial services. With headquarters in ChicagoThe Guaranteed Price companies have more than 10,000 employees in over 850 branches across the United States, serving all 50 states and Washington DC Since its launch in 2000, guaranteed interest rate companies have helped more than 1 million homeowners with home equity loans and refinancing, with a total loan volume of more than $ 116 billion in 2021 alone. The company has cemented itself as an industry leader by introducing innovative technology, offering low prices and delivering outstanding customer service. Awards and awards include: Top Lender for Online Service for 2018 by US News & World Report; Best Mortgage Lender and Best Mortgage Refinancing for NerdWallet for 2021; HousingWires 2020 Tech100 Award for the company’s industry-leading FlashClose℠ technology; 3rd ranking in the Scotsman Guides 2021 list of best home lenders; Chicago Agent Magazine’s lender of the year for six years in a row; and the Chicago Tribunes list of top jobs for seven years in a row. Visit rate.com for more information.
SOURCE Companies with guaranteed price
