Rocket Pro TPO is diversifying its product portfolio by offering home equity loans to brokers by mid-September amid increased competition in the wholesale channel. The move follows Rocket Mortgage‘s rolled of home equity loans in August as the firm tries to capitalize on Americans’ strong home equity positions.
With the Rocket Pro TPO product, homeowners can access to up to $350,000 of their home’s equity in a 10- or 20-year fixed-rate loan with a loan-to-value ratio of up to 90%, the company said.
“It’s perfect timing to provide a solution to brokers who then can provide a solution for details ⇒
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