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GOBankingRates

Sarah Li Cain

Mortgage Advisor: Should You Get Your Mortgage Through These Untraditional Companies?

United States fintech

phototechno / Getty Images/iStockphoto

About 7.79% of all U.S. mortgages now originated through fintech platforms, according to a study published in the Journal of Monetary Economics. Instead of a traditional bank or credit union, companies like Better.com are helping homeowners finance their homes. This doesn’t include nonbank direct lenders like Rocket Mortgage, which make up around 38%.

For You: Florida Home Prices Are Dropping Rapidly: Should You Buy While Prices Are Low?

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One subscription that gives you access to news from hundreds of sites

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