Better, HighTechLending enter partnership to expand home equity loan access

HighTechLending announced a partnership with Better to expand access to home equity loans through HighTechLending’s EquitySelect HELOC to their retail channel, NEO Home Loans powered by Better. The partnership is designed to help more homeowners access the equity in their homes, particularly those who may not qualify for traditional home equity loans despite being creditworthy and holding substantial equity. HighTechLending created the EquitySelect HELOC, or home equity line of credit, to provide a more flexible way for equity-rich homeowners to tap their home equity without refinancing their first mortgage. The product reengineers how required payments are structured, giving borrowers more flexibility over their monthly obligations while remaining grounded in disciplined, equity-based underwriting.