Mentioned:
Robinhood has a new ambition: mortgages.
What’s happening:
- Robinhood (NASDAQ: HOOD) has partnered with Sage Home Loans to enable Robinhood users to be able to access mortgage rates that are at least 0.75% below the national average in America
Why it matters:
- This is the first time ever that Robinhood has ventured into offering mortgages and real estate lending directly within their platform
Going deeper:
- Sage Home Loans is one of the fastest growing companies in the United States who is focused on providing individuals mortgages and real estate financing through a fully digital platform and is licensed in nearly every state in America
- Robinhood has been rolling out multiple new products and features to users lately, including their automated investing platform Robinhood Strategies which just recently surpassed $1B USD in assets under management
The fine print:
- Only Robinhood Gold members are currently able to access lending products from Sage Home Loans
