Austin fintech startup Hitch has rolled out a HELOC platform to help homeowners tap into more than $100 billion in government grants available for home renovation.
Established at the start of 2022, Hitch will give qualified owners access to up to 90% of the equity locked in their homes, the company said Thursday. One of the biggest benefits for Hitch users is speed, the company said. Once approved, borrowers can access their funds in under three days.
Most HELOC programs offered by big banks take on average 66 days to get approval, according to the Mortgage Bankers Association.
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