Robinhood Expands Into Mortgages with Sage Partnership
Hey Digital Banking Fanatic!
A few months ago, I speculated, and it seems I was heading in the right direction: Robinhood is stepping into mortgages.
The FinTech announced a new partnership with Sage Home Loans to offer discounted mortgage rates to Robinhood Gold subscribers, marking its first move into home financing.
The product is currently in a pilot phase and will initially be available in California, Florida, and Texas, with further expansion expected in the future.
Robinhood says this initiative aligns with its broader goal to "democratize finance for all."
Now, eligible users will gain access to reduced mortgage rates via Sage, which focuses on modernizing the homeownership process.
Is homeownership the next frontier in digital banking? Let me know what you think.
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NEWS
🇺🇸 Robinhood and Sage Home Loans team up to democratize access to homeownership. All eligible Robinhood Gold subscribers can access mortgage rates at least 0.75% below the national average, along with a $500 credit toward closing costs on new home purchases or refinances, powered by Sage Home Loans.
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