Splitero expands home equity investment offering to four new states

Splitero, a financial technology company that aims to help homeowners access their home equity without taking on additional debt, has expanded to Idaho, Missouri, Montana and Wyoming. “Our latest expansion allows us to help more homeowners access the equity in their homes to better their lives without the burden of additional monthly payments,” said Michael Gifford, CEO and co-founder of Splitero. “Most homeowners are equity-rich with low-interest-rate mortgages that they do not want to give up. “We are helping homeowners use their equity to renovate their homes, prepare for retirement, start a business, cover medical bills and kids’ college expenses, but most of all, to relieve the stress of compiling monthly debt payments.” Homeowners across the country hold $35 trillion in home equity, with many locked into low mortgage rates or battling strict income requirements for new financing, the company said. Splitero offers its Maturity Match option, which leaders said aligns the home equity investment term with the homeowner’s mortgage timeline. Homeowners can repurchase their home equity investment option through a home sale, refinance or cash settlement without penalty, according to ...