loanDepot (LDI) Launches equityFREEDOM First-Lien HELOC

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Go back to loanDepot (LDI) Launches equityFREEDOM First-Lien HELOC

loanDepot Launches equityFREEDOM First-Lien HELOC Further Expanding Home Equity Product Suite

August 21, 2024 4:23 PM EDT

IRVINE, Calif.--(BUSINESS WIRE)-- loanDepot, Inc. ("LDI" or "Company") (NYSE: LDI), a leading provider of products and services that power the homeownership journey, has expanded its equityFREEDOM product suite to include a first-lien home equity line of credit (HELOC). This new HELOC allows the 38.5% of American homeowners without a mortgage1 to borrow from their homes equity for large expenses such as home renovations or college tuition, or to consolidate high interest credit card debt. It adds another powerful financial tool to loanDepot's portfolio of products and services that support the lifetime homeownership... More