Key facts
- Splitero has expanded its services to Idaho, Missouri, Montana, and Wyoming.
- Splitero now operates in 17 states.
- The company allows homeowners to access equity without monthly payments.
- Homeowners have approximately $35 trillion in home equity.
- Many homeowners are locked into low mortgage rates.
Splitero, a company specializing in home equity investments, has announced an expansion of its services into four additional U.S. states: Idaho, Missouri, Montana, and Wyoming. This strategic move increases Splitero's operational footprint to a total of 17 states. The company's core offering enables homeowners to convert a portion of their home equity into cash. A key feature of Splitero's product is that it does not require homeowners to make monthly payments. This addresses a significant financial challenge for many homeowners who possess substantial equity in their homes but are currently unable to leverage it due to being locked into historically low mortgage interest rates. The total home equity held by homeowners in the U.S. is valued at approximately $35 trillion.