Amazon is letting their employees use their stock to buy homes. Under the new program, Amazon employees will be able to use their vested stock as collateral in the home-buying process, Better said in a statement on Tuesday.
"For young professionals burdened with student debt and lack of savings, we know how hard it is to buy a home," Better's chief executive Vishal Garg said in the statement."This problem is exacerbated when many of the best and fastest growing companies increasingly reward their employees with equity rather than cash."
Better said it crafted the program, called"Equity Unlocker," in part because it saw that"equity compensation was a particular concern" for Amazon employees, according to its statement.
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