{"id":47843,"date":"2026-03-25T16:19:29","date_gmt":"2026-03-25T13:19:29","guid":{"rendered":"https:\/\/mk.gen.tr\/hightechlending-and-better-partner-to-expand-equityselect-heloc\/"},"modified":"2026-03-25T16:19:29","modified_gmt":"2026-03-25T13:19:29","slug":"hightechlending-and-better-partner-to-expand-equityselect-heloc","status":"publish","type":"post","link":"https:\/\/mk.gen.tr\/en\/hightechlending-and-better-partner-to-expand-equityselect-heloc\/","title":{"rendered":"HighTechLending and Better partner to expand EquitySelect HELOC"},"content":{"rendered":"

HighTechLending<\/strong> announced Wednesday that it has partnered with Better<\/strong> to expand access to home equity lines of credit through its EquitySelect HELOC product<\/a>, which will be offered through Better\u2019s retail channel, NEO Home Loans<\/strong>.<\/p>\n

HighTechLending<\/a> said the partnership is aimed at helping homeowners tap into their home equity<\/a>. It will target borrowers who may not qualify for traditional home equity loans despite having strong credit profiles and significant equity.<\/p>\n

U.S. homeowners hold an estimated $35 trillion in home equity, according to the company. At the same time, about 26 million borrowers are locked into mortgage rates<\/a> below 4%.<\/p>\n

Others, including self-employed borrowers or those with variable incomes, often struggle to meet traditional underwriting<\/a> standards. HighTechLending said these factors contribute to an estimated $240 billion in lost annual loan volume among homeowners ages 40 and older.<\/p>\n

The company\u2019s EquitySelect HELOC<\/a> is designed to allow borrowers to access home equity without refinancing their primary mortgage, with a payment structure intended to offer more flexibility while maintaining equity-based underwriting standards.<\/p>\n

\u201cLife changes, incomes fluctuate, and financial needs evolve,\u201d said David Peskin<\/a>, president and CEO of HighTechLending. \u201cHomeowners deserve options that reflect those realities. Through our partnership with NEO Home Loans<\/a> powered by Better<\/a>, we are expanding access to responsible home equity solutions for borrowers who have been declined under traditional guidelines but are otherwise strong, creditworthy homeowners.\u201d<\/p>\n

Based on a review of declined home equity applications from NEO Home Loans, HighTechLending estimates that as many as 20% of these applications could qualify under the EquitySelect HELOC structure.<\/p>\n

In a conversation with HousingWire<\/strong> ahead of the announcement, Peskin said that the offering is designed to provide month-to-month \u201cpayment flexibility\u201d for borrowers. A secondary goal is to serve a portion of borrowers who have inconsistent employment or a fixed income.<\/p>\n

Peskin said that HighTechLending analyzed a portion of the loans that Better and NEO couldn\u2019t fund due to debt-to-income (DTI) restraints. \u201cAnd based on running that data through \u2014 obviously, it was just the basic data \u2014 but it showed that we were able to give close to 20% of those turndowns access to the equity in their home for the amount they were looking for.\u201d<\/p>\n

Peskin clarified that borrowers who use the product don\u2019t have to pay a premium. He said that the \u201cflexible\u201d payments are possible because each loan is designed around the monthly payment the borrower wants to make. HighTechLending then calculates the loan amount to match that payment over the expected time the homeowner will stay in the house. <\/p>\n

\u201cEvery customer is presented a unique offer,\u201d he said. \u201cThe reason we can allow them to make just that cap payment is that we offer a lower LTV with the notion that they will make that payment for the full term.\u201d<\/p>\n

Unlike traditional HELOCs, which often require a full repayment after an interest-only period, Peskin said that the loans do not recast, allowing for predictable, stable payments over the life of the loan.<\/p>\n

The product is expected to give borrowers another option for accessing capital for uses such as home improvements<\/a> or debt consolidation<\/a>.<\/p>\n

\u201cThe problem is that old traditional underwriting guidelines cap you at 50% debt-to-income ratio,\u201d Peskin said. \u201cYou could be offered a lower loan amount, but maybe that lower loan amount is not enough to pay off the debt that you were looking to pay off, or maybe it\u2019s not enough to do the home improvements that you were looking to do. <\/p>\n

\u201cThere is a good portion of borrowers who are looking to pay off debt or do home improvements. \u2026 A lot of people have really low rates, and they don\u2019t want to touch them.\u201d<\/p>\n

Under the agreement, NEO Home Loans will offer the EquitySelect HELOC as part of its product lineup, while HighTechLending will purchase the loans originated through the program.<\/p>","protected":false},"excerpt":{"rendered":"

HighTechLending announced Wednesday that it has partnered with Better to expand access to home equity lines of credit through its EquitySelect HELOC product, which will be offered through Better\u2019s retail channel, NEO Home Loans. HighTechLending said the partnership is aimed at helping homeowners tap into their home equity. It will target borrowers who may not…<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/posts\/47843"}],"collection":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/comments?post=47843"}],"version-history":[{"count":0,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/posts\/47843\/revisions"}],"wp:attachment":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/media?parent=47843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/categories?post=47843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/tags?post=47843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}