“Even former Amazon employees with vested equity can use the service, according to Better.com, and there are many, following Amazon’s companywide layoffs.”
Amazon workers can now pledge vested shares as a down payment through Better.com instead of selling them. The price is up to 2.5 points above market on the mortgage, plus 2% to 5% in closing costs. Better.com lost more than $300 million in 2021 and is under SEC scrutiny. Your house and your stock now fall together, and Amazon calls that financial wellness.