New Stock-as-Collateral Mortgage for Amazon Workers Comes with Key Caveats

Yahoo!Finance, Mar. 1, 2023–Gabriella Cruz-Martinez
The so-called Equity Unlocker mortgage allows current and former workers of the e-retail giant to pledge company stock as collateral toward a down payment on a home purchase without selling their equity stake. The product, geared toward Amazon employees who have historically been compensated in restricted stock units, provides another way to come up with a down payment, which is often a big obstacle for some homebuyers.
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