Amazon to let employees use their stock to finance home purchases and even second homes

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Amazon has struck a deal with embattled online mortgage lender Better.com to offer up a new benefit to employees.

Better.com is introducing Equity Unlocker, a programme that allows employees to use their vested equity as collateral for a down payment on a home. Employees at Amazon in Florida, New York, and Washington State will be the first to use the tool. According to Better.com, the programme is unique in that employees will be able to finance their homes without selling their shares, instead pledging vested equity. According to Better.com, former Amazon employees with vested equity can use the service, and there are many of them following Amazon’s companywide layoffs.

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Amazon to let employees use their stock to finance home purchases and even second homes

Amazon has struck a deal with embattled online mortgage lender Better.com to offer up a new benefit to employees.

Better.com is introducing Equity Unlocker, a programme that allows employees to use their vested equity as collateral for a down payment on a home. Employees at Amazon in Florida, New York, and Washington State will be the first to use the tool. According to Better.com, the programme is unique in that employees will be able to finance their homes without selling their shares, instead pledging vested equity. According to Better.com, former Amazon employees with vested equity can use the service, and there are many of them following Amazon’s companywide layoffs.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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