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Splitero Expands Access to Home Equity Solutions

In a significant development for homeowners, Splitero, a rising financial technology company, has broadened its reach by launching its innovative home equity solutions in five new states: Florida, Nevada, Ohio, Pennsylvania, and South Carolina. This move comes as a response to the pressing need for homeowners seeking smarter and more flexible ways to utilize their home equity amid rising living expenses and limited housing inventory.

Addressing Homeowner Needs

Michael Gifford, CEO and Founder of Splitero, emphasized that homeowners are increasingly looking for options that allow them to tap into their home equity without incurring additional debt or going through the cumbersome processes of selling or refinancing their properties. "We are happy to support families in reaching their financial goals," Gifford stated, highlighting the growing demand for such solutions.

In the current housing market, homeowners have access to nearly $11.5 trillion in available home equity, a staggering figure that showcases untapped potential. Despite the options available—such as traditional Home Equity Lines of Credit (HELOC)—many homeowners find these routes laden with burdensome qualification requirements and high-interest monthly payments.

Splitero's Unique Offerings

Splitero is changing the narrative by offering Home Equity Investments (HEIs), which provide a lifeline to homeowners in Florida, Nevada, Ohio, Pennsylvania, and South Carolina who are 'equity-rich'—meaning their outstanding loan balances are significantly lower than their property's market value. This innovative home equity solution enables them to access their equity to cover expenses like debt repayment, home renovations, or other significant financial milestones without the pressures of added debt or financial obligations.

One standout feature of Splitero's HEIs is the Maturity Match™ program, which aligns the term length of the HEI with the remaining timeline of the homeowner's senior mortgage. This unique approach allows homeowners not only to utilize their funds efficiently but also grants them the flexibility to repay their HEI at their convenience without incurring penalties.

As repeatedly noted by Gifford, the cost of living continues to increase, putting additional financial strain on families. By providing an avenue to access their home equity, Splitero is empowering homeowners to enhance their quality of life responsibly.

Nationwide Expansion Plans

Currently operational in thirteen states—including Arizona, California, Colorado, and Oregon—Splitero plans further expansion throughout 2025. Recently, the company secured significant funding: a $300 million strategic investment from Antarctica Capital and a $350 million capital commitment from Blue Owl-managed funds. This backing will enable Splitero to reach even more homeowners, providing them with essential capital and innovative financial solutions.

Splitero stands as a beacon for homeowners looking for financial independence within a challenging market, symbolizing the shift towards more equitable and accessible financial practices. Homeowners can access these resources with ease, without the common barriers found in traditional banking products. With an eye towards continuous growth and support for families across the U.S., Splitero is becoming a vital player in the financial technology space.

For additional information regarding Splitero and its offerings, please visit www.splitero.com.