Guaranteed Rate launches end-to-end fixed rate digital HELOC to capitalize on growing home equity across the country

New offering as part of the company’s fast-growing fintech product suite

CHICAGO, July 11, 2022 /PRNewswire/ — Guaranteed Rate, a cutting-edge mortgage lender aspiring to become the nation’s leading fintech, is proud to announce that its new Home Equity Line of Credit (HELOC) has launched and is available in 41 states Washington, D.C This innovative new product is 100% digital from application to completion. It only takes 5 to 10 minutes to complete the application and approval is a matter of moments.

American homeowners gained a whopping 35% in equity in 2021, leading more homeowners to choose to tap into their home’s value to pay off high-interest debt or finance home improvement projects without impacting their home’s low mortgage rate. Guaranteed Rate’s new fixed price HELOC is designed to help them access that value quickly and easily through an end-to-end digital platform.

“Guaranteed Rate is committed to becoming the nation’s leading fintech to serve customers, and our ultra-fast and convenient end-to-end fintech product HELOC is just one example of how we’re achieving that,” said Guaranteed Rate President and CEO Victor Ciardelli. “Our HELOC is designed to give the customer an application that they can fill out in minutes and get their money in 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 term of up to 30 years, and customers can later draw down the line of credit for periods ranging from 2 to 5 years, depending on the term chosen. at the then current market prices. Additionally, traditional HELOCs can take up to 45-60 days to be funded by a bank, while Guaranteed Rate new HELOCs are funded in as little as 5 days. Best of all, Guaranteed Rate’s new end-to-end digital HELOC requires no upfront payment from the customer (all fees are included in the loan amount).

“We believe our end-to-end fixed-rate digital heloc is the best product of its kind on the market,” he said Raman Muralidharan, President of New Financial Products at Guaranteed Rate. “Not only does it beat traditional HELOCs by offering a fixed interest rate, but it also takes much less time to apply and finances itself much more quickly than other HELOCs.”

As interest rates have risen significantly, more and more homeowners in need of cash will be turning to HELOCs as a smart and affordable option. “By offering our customers a fixed-rate HELOC option along with the ability to digitally create from the comfort of their own home when needed, Guaranteed Rate addresses a number of key customer needs,” he said Arun TripathiHead of New Secured Lending at Guaranteed Rate.

To learn more about the new HELOC of the Guaranteed Rate, visit rate.com/heloc.

About companies with guaranteed prices

Guaranteed Rate Companies is a leading provider of mortgage lending and digital financial services. headquarters in Chicagothe Guaranteed Rate Companies have more than 10,000 employees in over 850 offices across the US serving all 50 states and Washington, D.C Since its inception in 2000, Guaranteed Rate Companies have served more than 1 million homeowners with home purchase loans and refinances, with a total loan history of more than $116 billion in 2021 alone. The company has established itself as an industry leader by introducing innovative technologies, offering low prices and delivering unparalleled customer service. Honors and awards include: Top Lender for Online Service for 2018 by US News & World Report; Best Mortgage Originator for Online Loans and Best Mortgage Originator for Refinance by NerdWallet for 2021; HousingWire’s 2020 Tech100 Award for the company’s industry-leading FlashClose℠ technology; Ranked 3rd in the 2021 Scotsman Guide list of top retail mortgage lenders; Chicago Agent Magazine’s Lender of the Year for six consecutive years; and on the Chicago Tribune’s Top Workplaces list for seven consecutive years. Visit rate.com for more information.

SOURCE Price Guaranteed Company

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