Knock Description

Knock introduces an innovative bridge loan that empowers homeowners to acquire their next property before finalizing the sale of their current residence. This program allows individuals to tap into as much as $500,000 in equity from their existing home, which can be utilized for various expenses such as down payments, renovations, relocation fees, and even to consolidate debts. Remarkably, the loan remains interest-free for a period of up to six months, granting borrowers greater financial leeway during their transition. By excluding the current mortgage from the calculations for the new mortgage, buyers can present more attractive, non-contingent offers, substantially enhancing their likelihood of success in competitive housing markets. Additionally, Knock provides up to $35,000 in funds for home preparations, ensuring that the current property is well-equipped for sale. Should the home fail to sell within the six-month timeframe, Knock guarantees a purchase offer, delivering peace of mind through a predetermined sale price. The company works closely with real estate agents and lenders to streamline the entire process, with the goal of making the journey between homes as convenient and straightforward as possible. This comprehensive approach not only alleviates the stress of moving but also empowers homeowners with the confidence to make significant decisions regarding their real estate transactions.

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Company Details

Company:
Knock
Year Founded:
2015
Headquarters:
United States
Website:
www.knock.com

Media

Knock Screenshot 1
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Product Details

Platforms
Web-Based
Types of Training
Training Docs
In Person
Customer Support
Business Hours
Online Support

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