Related Products
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About
Knock offers a first-of-its-kind bridge loan that enables homeowners to purchase their next home before selling their current one. Knock allows access to up to $500,000 of equity from the existing home to cover expenses such as down payments, repairs, moving costs, and even debt consolidation. Notably, the loan is interest-free for up to six months, providing financial flexibility during the transition period. By removing the current mortgage from the new mortgage calculation, buyers can make more competitive, non-contingent offers, increasing their chances in competitive markets. Knock offers up to $35,000 in home prep funds to enhance the sale readiness of the existing property. If the home doesn't sell within six months, Knock provides a purchase offer, ensuring peace of mind with a guaranteed sale price. It collaborates with agents and lenders to streamline the process, aiming to simplify the journey between homes with convenience.
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About
Ownify is a fractional homeownership program designed to make homeownership achievable for first-time buyers. By partnering with investors, Ownify enables buyers to purchase a home with as little as a 2% down payment, granting them a 2% equity stake upon closing. This approach transforms buyers into cash purchasers, covering additional upfront costs like due diligence fees and earnest money, thereby strengthening their position in competitive markets. Participants, referred to as "Ownis," make fixed monthly payments that are divided into two components: one portion acquires additional equity in the home, while the other covers occupancy costs, including maintenance, repairs, insurance, and taxes. This structure allows Ownis to incrementally increase their ownership over time. After five years, Ownis typically own approximately 10% of their home's equity and have the option to purchase the remaining equity at fair market value or cash out and walk away.
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Platforms Supported
Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook
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Platforms Supported
Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook
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Audience
Real estate agents seeking a solution to help clients buy their next home before selling their current one, enhancing transaction fluidity and client satisfaction
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Audience
Homebuyers interested in a solution offering an alternative to traditional mortgages, enabling them to gradually acquire home equity through fractional ownership
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Support
Phone Support
24/7 Live Support
Online
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Support
Phone Support
24/7 Live Support
Online
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API
Offers API
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API
Offers API
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Screenshots and Videos |
Screenshots and Videos |
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Pricing
No information available.
Free Version
Free Trial
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Pricing
No information available.
Free Version
Free Trial
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Reviews/
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Reviews/
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Training
Documentation
Webinars
Live Online
In Person
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Training
Documentation
Webinars
Live Online
In Person
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Company InformationKnock
Founded: 2015
United States
www.knock.com
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Company InformationOwnify
United States
ownify.com
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Alternatives |
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Categories |
Categories |
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Integrations
No info available.
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Integrations
No info available.
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